The GST Council meeting is anticipated to bring significant reforms, potentially boosting sectors like autos, consumer durables, and discretionary consumption. Analysts predict that a GST rate cut of 7-10% could lead to price reductions, spurring demand. Experts believe these reforms could trigger a strong consumption upcycle, especially benefiting lower-income households and driving growth in various sectors.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets