As new GST reforms take effect from midnight, all eyes are on the Prime Minister’s expected address to the nation. Timed with the start of the festive season, the GST rationalisation aims to lower the prices of essential goods, boost consumer spending, and provide a stimulus to the Indian economy. The move is also seen as a measure to cushion the economy against global pressures, including high tariffs from the US. The address is anticipated to elaborate on the government’s push for self-reliance.
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