GST Reforms: A Diwali Gift Boosting India's Economy

Uttar Pradesh Chief Minister Yogi Adityanath lauded the latest GST reforms on Monday, calling them a 'Diwali gift' from Prime Minister Narendra Modi to Indians.

With significant cuts in tax rates, the reforms are projected to ease consumer burdens, subsequently igniting a cycle of increased demand, production, and employment.

Lower GST rates are expected to enhance the purchasing power of consumers, catalyzing demand that will drive consumption, boost production, and generate jobs, according to Adityanath.

(With inputs from agencies.)