India’s GST 2.0 overhaul pivots to a simpler two-rate system: 5% on essentials and 18% on aspirational goods, with luxury and sin items taxed at 40%. The reform targets smoother compliance, fewer duty distortions, and a consumption-led push. Analysts see upside for sectors like FMCG, cement, insurance, healthcare, and agriculture, with hopes for stronger private capex and a possible 0.5% GDP lift.
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