PM Modi Announces GST 2.0 Reforms and Boost for Atmanirbhar Bharat

Prime Minister Narendra Modi recently announced significant changes to India's Goods and Services Tax (GST) system, terming the reforms a "bachat utsav" or savings festival. These next-generation GST reforms, effective from Navratri, include making income up to ₹12 lakh tax-exempt.

This, coupled with the new GST rates, is expected to provide a significant benefit to the middle class. The announcement coincided with a renewed push for Atmanirbhar Bharat (Self-Reliant India), with PM Modi urging state governments to support the Swadeshi Abhiyan (self-reliance movement).

He encouraged investment in local manufacturing and a business environment conducive to growth. The reforms aim to accelerate India’s economic growth and strengthen its self-reliant economic vision.