India’s middle class is driving the country’s growth, says Prime Minister Narendra Modi. On September 4, PM Modi highlighted how recent tax reforms are helping everyday families and boosting the economy.
Sharing a post by Sunil Vachani, Chairman of Dixon Technologies, the Prime Minister explained how the new Goods and Services Tax (GST) changes make important products like TVs, air conditioners, and household appliances more affordable. These reforms aim to improve everyone’s quality of life.
PM Modi mentioned that the GST updates, along with previous income tax cuts, are part of India’s efforts to make daily essentials cheaper. “We’re committed to making life easier and supporting the dreams of crores of families,” he said on X (formerly Twitter).
The Prime Minister called the GST rationalisation a big win for manufacturers, as simplified tax slabs of 5% and 18% reduce costs. These changes will also make it easier for businesses to comply digitally and increase demand for “Made in India” products.
PM Modi stressed the importance of small businesses — MSMEs — calling them the backbone of India’s economy. He said reforms like easier access to credit and broader markets are helping these enterprises grow. The latest GST adjustments will further strengthen small and medium businesses across the country.
The reforms aren’t just about taxes. PM Modi linked them to India’s bigger goals of financial security and better healthcare for everyone. Making insurance more affordable under the new GST rules is a step toward the vision of ‘Insurance for All by 2047’. “Together, we aim for a healthier and stronger India,” he added.
Sunil Vachani also praised the GST reforms, congratulating the government and industry leaders. He believes these changes will make doing business easier and support India’s manufacturing ambitions.
The rollout of GST 2.0 has been called a major reform. It combines tax simplification, better living conditions, and support for businesses — all key steps in India’s growth story.
