Media statement – Hinduja Group

“My compliments to PM Modi ji and FM Nirmala ji for announcing the most impactful reform to light up the festive season ahead. The GST Rate cuts announced across the board augur well for the Indian Economy as they will support India’s macroeconomic stability by spurring demand at the very grassroots level. This move was a much-needed consumption booster to cushion the global economic headwinds resulting from the lopsided tariff regimes being pushed by the US. It will have a cascading positive effect on several adjacent sectors, both upstream and downstream. To achieve the vision of Viksit Bharat @ 2047, the nation needs several social security nets for citizens. Steps like reducing GST to NIL on Life and Health Insurances will prove to be revolutionary in this regard. I hope the GST Process Compliances also stand simplified.”