By – Ajay Lakhotia, Founder and CEO, StockGro
“GST 2.0 is government’s strongest push to put India in the fast lane of growth. The tax system is now dramatically simplified with 2 core slabs – 5% and 18%. Starting September 22nd, everyday essentials and medical items get cheaper, health insurance will be tax-free, and big-ticket items like air conditioners, TVs, and cars will only attract 18% tax.
That’s real relief for middle-class wallets right before Diwali. We can expect FMCG volumes to tick up, vehicles and appliances to sell faster, and services (from salons to gyms) to see a demand bump. The government is giving up about ₹48,000 crores in tax revenue short-term, but this move should boost consumer spending, reduce inflation, and lift market sentiment. It is, indeed, quite the festival bonanza we needed”
