Government’s proposed GST tweaks, along with earlier tax cuts and subsidies, are aimed at reviving consumption amid low inflation. Benefits are expected in small-ticket discretionary items, FMCG, durables like ACs, and select retail/QSRs, while premium goods may remain unaffected. Fiscal impact is seen as manageable, with short-term stock gains likely.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets