Union Finance Minister Nirmala Sitharaman on Saturday praised the government’s recent GST rate reductions, saying the move has directly benefited the public and strengthened India’s economic framework. She noted that the reductions have also helped the government meet its fiscal targets.
Addressing a joint media briefing in Delhi, Sitharaman highlighted that the GST 2.0 reforms have provided significant momentum to the country’s economy. The festive season witnessed strong sales in sectors such as electronics, automobiles, and consumer goods. Electronics sales during this year’s Navratri increased by 25 percent compared to the same period last year.
The Finance Minister added that the reforms have contributed to lowering food prices, while the rising demand for electronics is directly benefiting the manufacturing sector. She emphasized that these measures are part of the government’s broader strategy to stimulate economic growth.
Sitharaman also pointed out that the International Monetary Fund (IMF) has revised India’s growth rate upward to 6.6 percent, reflecting the positive impact of the GST reforms on the nation’s overall economic performance.