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flag India’s 2024 GST 2.0 reforms cut taxes on essentials and electronics, lowering prices and boosting sales and manufacturing.

flag India’s GST 2.0 reforms, implemented in September, have led to significant tax cuts on essentials and electronics, with the government confirming price reductions were passed to consumers across 54 monitored items. flag Sales of TVs, air conditioners, and vehicles surged, with AC sales doubling and 85-inch TVs selling out. flag Electronics manufacturing grew, smartphone exports to the U.S. exceeded those of neighboring countries, and the IMF raised India’s growth forecast to 6.6%. flag The government also announced a 3% DA hike for 4.9 million employees and 6.8 million pensioners, enhanced CGHS benefits, and digital reforms for pensioners.

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