GST Cuts to Fuel India's Economic Boom: Finance Ministry
India's Finance Ministry projects significant economic acceleration following recent GST rate cuts, with positive indicators across manufacturing, services, and consumption sectors.
India's Finance Ministry projects significant economic acceleration following recent GST rate cuts, with positive indicators across manufacturing, services, and consumption sectors.
Despite higher tariffs in August, India's economy gained significant momentum in Q2 FY26, driven by robust manufacturing, services, and investment activity according to Finance Ministry data.
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Former Finance Minister P Chidambaram sounds alarm on India's economic trajectory, calling for bold reforms and policy courage to escape the lower-middle income trap and achieve higher growth targets.
India's FMCG sector experiences unprecedented growth as GST reforms boost consumer spending. Major companies like HUL, ITC, and Nestlé expand operations and set ambitious targets amid economic optimism.
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India's retail inflation is projected to decline significantly in October, driven by high base effect and GST reform impacts, offering relief to consumers and policymakers.
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