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GST Overhaul Spurs Economic Confidence: Impact on GDP and Fiscal Balance

GST Overhaul Spurs Economic Confidence: Impact on GDP and Fiscal Balance

Finance Minister Nirmala Sitharaman believes that increased consumption will offset the GST shortfall caused by tax rate reductions, boosting GDP growth without affecting public finances. The revamped GST structure aims to reduce costs on essential items, benefiting millions. First-quarter GDP growth exceeded expectations, strengthening economic projections.

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