New Delhi: In his address from the Red Fort on India’s 79th Independence Day, Prime Minister Narendra Modi announced that the government is set to roll out next-generation Goods and Services Tax (GST) reforms by Diwali, describing them as a significant festive gift for the country. Speaking to the nation, Modi highlighted that these reforms would build on the existing GST framework, which has already reduced the tax burden on citizens.
“We have eased the tax load through GST reforms, and the upcoming next-generation changes will further lower the prices of essential goods,” Modi stated. The Prime Minister emphasized that these reforms aim to make everyday necessities more affordable, particularly benefiting micro, small, and medium enterprises (MSMEs) and boosting the broader economy.
The announcement comes as part of Modi’s vision to strengthen India’s economic framework. The proposed GST overhaul is expected to streamline tax processes and reduce rates, offering relief to consumers and businesses alike. While specific details of the reforms remain forthcoming, Modi’s promise underscores the government’s commitment to economic progress, as noted in posts on X from sources like PTI_News .
Modi’s speech, delivered from the historic Red Fort, also touched on the nation’s resolve to build a strong and self-reliant Bharat, echoing the aspirations of India’s freedom fighters. The GST reforms, positioned as a Diwali gift, are anticipated to be a key step in this direction, fostering economic growth and affordability.
PM Modi Promises Next-Gen GST Reforms as Diwali Gift to Nation
