GST reforms spark massive festive shopping spree, sales hit ₹6 trillion as consumer spending jumps 8.5%
  • 03 Nov 2025 06:44 PM
  • New

GST reforms spark massive festive shopping spree, sales hit ₹6 trillion as consumer spending jumps 8.5%

Source: https://www.livemint.com/economy/gst-reforms-spark-massive-festive-shopping-spree-sales-hit-rs-6-trillion-as-consumer-spending-jumps-85-11762149984517.html

GST reforms have boosted consumer spending during the festive season, with an 8.5% increase in sales compared to last year, amounting to ₹6 trillion. Major tax cuts led to increased demand for cars, kitchenware, and other goods, though some businesses faced supply chain disruptions.

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Reimagining GST registration through Agentic AI framework
  • 01 Nov 2025 04:38 PM
  • New

Reimagining GST registration through Agentic AI framework

Source: https://economictimes.indiatimes.com/small-biz/gst/reimagining-gst-registration-through-agentic-ai-framework/articleshow/124596190.cms

Every day, two narratives emerge on India’s GST (goods and services tax) registration portal. The first belongs to Rajesh, a small manufacturer in Pune, who spends three days downloading a utility bill copy from online portals, locating, and scanning his rent agreement, compiling identification documents, and finally uploading them on the GST registration portal

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GST Rationalisation Boosts Karnataka’s Growth Story
  • 28 Oct 2025 05:48 PM
  • New

GST Rationalisation Boosts Karnataka’s Growth Story

Source: https://taxguru.in/goods-and-service-tax/gst-rationalisation-boosts-karnatakas-growth-story.html

Recent GST rate rationalisation is set to significantly boost Karnataka’s diverse economy by reducing tax rates across agriculture, manufacturing, and traditional crafts. Key changes include a cut to 5\% GST on instant coffee, which accounts for of India’s output, making the product cheaper and supporting small growers and exporters.

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Indian MSMEs defy Trump tariff headwinds, sectoral indices stay in growth zone: Report
  • 28 Oct 2025 05:40 PM

Indian MSMEs defy Trump tariff headwinds, sectoral indices stay in growth zone: Report

Source: https://www.livemint.com/industry/indian-msmes-defy-trump-tariff-headwinds-sectoral-indices-stay-in-growth-zone-report-11761637595955.html

The MSME sector demonstrated strong growth during the July-September quarter. While external challenges such as Trump tariffs moderated optimism, the outlook remains positive, fueled by government measures and anticipated domestic demand during the festive season.

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Mint Quick Edit | Strong growth, low inflation—but can India steady its export ship?
  • 28 Oct 2025 05:26 PM

Mint Quick Edit | Strong growth, low inflation—but can India steady its export ship?

Source: https://www.livemint.com/opinion/online-views/india-economy-indian-economic-outlook-finance-ministry-report-september-gdp-growth-inflation-rate-domestic-gst-trade-11761577786976.html

India’s economy is showing strong growth amid cooling prices. As the finance ministry’s September update notes, private consumption and investment are looking up. Where today’s global trade storm leaves our export prospects, though, remains a big question.

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Hunger once shaped India’s policies. Now obesity poses a challenge of health, productivity and growth
  • 28 Oct 2025 05:33 PM

Hunger once shaped India’s policies. Now obesity poses a challenge of health, productivity and growth

Source: https://www.livemint.com/opinion/online-views/obesity-india-health-crisis-economic-impact-indian-bmi-prosperity-trap-national-public-dieting-fitness-food-nutrition-11761566427740.html

For decades, India fought one great battle—hunger. We built ration shops, expanded food programmes and ensured no child went to bed hungry. Those efforts worked. In one generation, poverty at the $3-a-day line has plunged from nearly half the population in 2004 to below 5% today. Millions of families that once struggled for daily calories now have full plates. But victory over scarcity has brought a new problem.

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India’s flexible inflation targeting regime has helped deliver price stability: Sharpen it now
  • 27 Oct 2025 05:58 PM

India’s flexible inflation targeting regime has helped deliver price stability: Sharpen it now

Source: https://www.livemint.com/opinion/online-views/flexible-inflation-targeting-india-rbi-target-2026-review-4-india-monetary-policy-committee-sanjay-malhotra-fit-gdp-11761478833118.html

In 2016, the Reserve Bank of India (RBI) Act was amended to give flexible inflation targeting (FIT) statutory status. India’s target was fixed at 4%, with a tolerance band of plus or minus 2%. As the second five-year term of this framework comes up for review in March 2026, it is time to ask whether FIT has served India well and what may need to be refined.

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GST cuts to lift demand, but global headwinds cloud outlook, says finance ministry
  • 27 Oct 2025 06:01 PM

GST cuts to lift demand, but global headwinds cloud outlook, says finance ministry

Source: https://www.livemint.com/economy/gst-cuts-indian-economy-outlook-finance-ministry-economic-review-11761553420432.html

Ongoing structural reforms and new government initiatives, including the roll-out of GST 2.0, are expected to cushion the economy against external challenges, the ministry said in its monthly economic review for September.

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PM says swadeshi goods driving record festive sales, GST cuts a booster
  • 27 Oct 2025 05:52 PM

PM says swadeshi goods driving record festive sales, GST cuts a booster

Source: https://www.livemint.com/news/pm-modi-swadeshi-record-festive-sales-gst-cuts-retail-diwali-us-tariffs-11761470841815.html

Prime Minister Modi highlighted a surge in demand for swadeshi products this festive season, aided by GST cuts. During his Mann Ki Baat address, he noted record Diwali sales of ₹6.05 lakh crore, with 87% of consumers choosing Indian-made goods, supporting his 'Vocal for Local' campaign.

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