Shaun
Prime Minister Narendra Modi said the auspicious period is special this time as it will render the mantra of ‘swadeshi’ a new energy along with the “GST-saving festival” Prices of kitchen staples to electronics, from medicines and equipment to automobiles, are now cheaper with the Goods and Services Tax (GST) rate cut on about 375 items.
Prime Minister Narendra Modi, on Sunday (September 21, 2025), in an address to the nation welcomed the “next generation reforms”, while congratulating the citizens on what he called the “GST Savings Festival”.
Mr. Modi spoke on how the restructured GST rate will make everyday items cheaper, thereby positively affecting the lives of the poor, middle and new middle class. He also re-iterated the need for purchasing goods manufactured in India, saying that “India’s prosperity will gain its strength from Swadeshi mantra.”
The Congress on Sunday (September 21, 2025) accused PM Modi of taking “sole ownership” of the amendments made to the GST regime and said the current reforms were inadequate, with no resolution to the states’ demand for an extension of compensation for another five years.
“The timing of the GST rate changes couldn’t have been more opportune. Festive season is when Indian households often align big-ticket purchases, and reductions across key sectors like FMCG, automobiles, electronics, pharma and even insurance premiums are expected to drive a visible uptick in demand. What makes the impact even stronger is that this period traditionally sees additional festive discounts layered on by businesses, which when combined with lower GST incidence, can significantly accelerate consumer spending.
For industry, this relief enables companies to pass on benefits without squeezing margins, clear inventories faster and strengthen working capital during the busiest sales cycle of the year. Importantly, such a demand-side push helps cushion the domestic economy from global headwinds, supporting both consumption and business sentiment. The government’s proactive communication ensures the common man sees and benefits from these changes, signalling GST’s evolution into a calibrated, growth-oriented policy tool.”
“Today, 22nd September 2025, is to getting etched in history as an iconic date as Bharat rolls out the Next-Generation GST reforms under the visionary leadership of Hon’ble Prime Minister Shree Narendra Modi Ji,” the CM said in a post on X.
The upgraded GST slabs bring about a welcome change in the way people produce and consume, he said.
“Easier compliances, reduced GST on MSMEs will encourage manufacturers and producers to build for India, to Make in India. The reduction in GST will ultimately boost consumption of Swadeshi goods and services, resulting towards a resilient and stronger economy built on the bedrock of an Aatmanirbhar Bharat,” Mr. Majhi asserted.
