“2025 will be a memorable year for every Indian. When Next Gen GST Reforms were announced on 22nd September, it led to a new enthusiasm among all. This will have a big multiplier effect on the economy. India’s growth projection too has been revised upward by IMF,” Commerce and Industry Minister Piyush Goyal said.
“There has been a strong impact of the GST reforms on automobile sales. Records have been broken in electronics sector. Lifesaving drugs have been made cheaper. Textiles, cosmetics, pen, paper and other commonly used goods have been made cheaper. Every household and every citizen is benefiting from the GST reforms,” he added.