Middle Class Wins Big As GST 2.0 Unlocks Rs 2 Lakh Crore Spending Wave: What Experts Are Saying

Economists say GST 2.0 could fuel a major consumption surge, with higher disposable income driving demand across sectors and lifting India’s growth momentum.

Lowering GST rates would have a deflationary effect, since it brings down prices of intermediate goods and inputs for production.

Source : ABPLIVE AI

The savings festival ushered in by the GST 2.0 reform on the first day of Navratri unlocking a Rs 2 lakh crore bonanza for consumers, promises to be a game changer in India’s consumption driven growth narrative with money in middle class wallets to spend on cars, groceries, clothes, travel and housing and projections of household spending in India set to post strong growth over 2025. Even as the great Indian consumption story rolls out with the take-off of the next-gen goods and services