India cut GST on construction materials to boost affordable housing and infrastructure.

India has reduced GST rates on key construction materials like cement, particle boards, and marble, lowering costs and supporting affordable housing initiatives such as PMAY-Urban and PMAY-Grameen. The changes aim to boost housing affordability, stimulate infrastructure development, and create jobs, with cement's tax dropping from 28% to 18% and other materials seeing significant reductions. These reforms align with national goals like "Housing for All" and support green and MSME-driven construction, though challenges remain in supply chain adaptation and rising labor costs.