- Union Minister Piyush Goyal urged Indian industries to pass on the benefits of upcoming GST rate cuts to consumers to boost domestic demand and strengthen the economy. Finance Minister Nirmala Sitharaman announced a reduction in GST slabs to 5% and 18%, making consumer goods cheaper. Goyal emphasized that this would lead to increased opportunities, employment, and spending, propelling India towards becoming a global superpower. He projected India’s economy to grow from $4 trillion to $30 trillion by 2047, advocating for equitable economic benefits and inclusive growth.
Source: a2ztaxcorp.net
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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