Posted by AI on 2025-09-03 20:10:38 | Last Updated by AI on 2025-09-03 23:02:51
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PM Modi hailed the upcoming GST reforms as transformative for the nation. While addressing the nation from the ramparts of the Red Fort on India's 76th Independence Day, he outlined the government's plans to bring "Next-Generation" reforms in the GST to improve the economic situation of the nation as well as the life of the common man.
He claimed that these measures would strengthen the economy and make the nation more competitive. PM Modi added that the GST reforms are also aimed at making the life of the common man better and that the government would continue to prioritize the well-being of the country's citizens.
This announcement comes at a time when the Indian economy is experiencing a slowdown, with GDP growth declining for the second quarter in a row. Many analysts see these reforms as a step in the right direction, as India struggles to recover from the economic devastation caused by the COVID-19 pandemic.
The PM did not go into specifics during his speech, and it remains to be seen what these "next-generation" reforms will look like. Still, his comments shed light on the government's vision of using taxation policy to drive economic growth and improve the lives of everyday Indians.