Traders across India are buzzing with excitement over the latest GST reforms, seeing them as a big win for Prime Minister Narendra Modi’s dream of an “Atmanirbhar Bharat,” or self-reliant India. Announced on September 22, these changes slash tax rates on everything from everyday dairy products to essential services, promising lighter wallets for shoppers and a spark for the economy.
The GST rate cuts target a huge list of goods, which experts say will cut costs for consumers and ramp up demand in the coming months. It’s a move that’s already hitting home for families and businesses alike.
Take Jayen Mehta, managing director of the Gujarat Cooperative Milk Marketing Federation, the folks behind popular Amul products. He points out how the reforms are shaking up dairy pricing. “Ice cream’s GST drops from 18 percent to just 5 percent, while butter, ghee, and cheese now face only 5 percent instead of 12 percent,” Mehta explains. Even better, long-life milk and paneer shift to zero percent GST.
Amul wasted no time passing these savings along, slashing prices on over 700 items. “This will drive up consumption and help 3.6 million farmer families tied to Amul, plus 80 to 100 million households relying on dairy,” Mehta adds. It’s a ripple effect that’s music to the ears of India’s vast dairy sector.
Arun Gupta, president of the Chamber of Commerce and Industry in Jammu, calls the reforms a “Navratri gift” straight from PM Modi. He highlights relief for middle- and lower-income folks through lower GST on must-haves like school supplies and health insurance. “This eases the squeeze on everyday budgets,” Gupta says.
Over in Chhattisgarh, CCI President Amar Parwani agrees, noting how the changes will fuel consumer spending and spark growth in manufacturing and jobs. “A huge thanks to the Prime Minister and Finance Minister for this bold step,” he says.
Business leaders like Amit Goel, general secretary of the Runawala Businessmen Association, zero in on the perks for daily essentials. “Now more people can afford what they need without stretching their wallets,” Goel remarks. It’s all about keeping goods within reach for the average buyer.
Sanjay Gupta, head of the Raghunath Bazaar Association, cheers the simpler GST setup too. Traders had pushed for this for years. “Lower rates mean cheaper products, more shopping, and an overall lift for the common person,” he says. Expect shelves to empty faster as consumers feel the benefits.
Even small business owners like Vinay Chandra are thrilled, especially with zero GST on milk and other kitchen staples. “Before, these basics carried 5 percent tax, but now they’re free of it. This slashes home expenses and gives poor families a real break,” Chandra shares.
As India pushes forward with these GST reforms, the focus stays on boosting consumer confidence, supporting local industries, and building that self-reliant future one lower tax at a time.
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