#AutoIndustry This move is designed to revive the small car segment, which saw a 71% sales drop in 6 yrs! 😲 Govt also rolled out #GST2_0, cutting GST rate on small cars from 28% to 18% to boost affordability & make them more accessible.
My take, GST 2.0: A Step Towards the Rate Rationalisation for #financialexpress
#gst2_0 #GSTReforms2025 #secondgenerationreform
bfsi.financialexpressb2b.com/blogs/gst-20...
India’s GST overhaul tilts growth strategy back towards households, but the bet on demand revival must not crowd out investment.
Madhavi Arora, Chief Economist at Emkay Global Financial Services, writes for BasisPoint Insight 👇
#GST2_0 #IndiaEconomy #TaxReform #FiscalShift #ConsumptionBoost