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India's GST 2.0 cut taxes on handicrafts to 5%, boosting artisan incomes and exports.
The introduction of GST 2.0, reducing the tax rate on handicraft and handloom items from 12% to 5%, has boosted demand and improved incomes for artisans across India.
Beneficiaries include weavers in Assam producing muga silk and Bihu dhol, craftspeople in West Bengal making Nakshi Kantha and Madurkathi mats, and artisans in Himachal Pradesh crafting Kullu shawls and wooden goods.
The lower tax has enhanced competitiveness against mass-produced goods, supported rural livelihoods, and strengthened export potential for traditional crafts nationwide.
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El GST 2.0 de la India redujo los impuestos sobre artesanías al 5%, impulsando los ingresos de los artesanos y las exportaciones.