GST 2.0 cuts expected to boost India’s consumption growth
India's GST 2.0 reforms aim to fuel consumption-led growth by lowering tax rates across FMCG, textiles, autos, healthcare, and electronics. Essentials, vehicles, and appliances are now more affordable, while relief for MSMEs and tax rationalisation in construction and healthcare sectors could accelerate economic activity. Luxury and sin goods remain at higher rates to safeguard revenue.