PM Modi Hints at Further GST Cuts, Boosts Defense Manufacturing
Prime Minister Narendra Modi has signaled a significant continuation of his government's economic policy, indicating that further reductions in the Goods and Services Tax (GST) are on the horizon. In a statement that has generated considerable buzz, the PM declared, "We are not going to stop here," emphasizing his administration's commitment to progressively reducing the tax burden on citizens and businesses. This move is seen as a potential stimulus measure aimed at boosting consumption, simplifying the tax structure, and providing relief amid economic pressures. The GST Council is expected to take up these proposals for rate rationalization in the near future.
