A day before reduced GST rates come into effect, Prime Minister Narendra Modi on Sunday made a strong pitch for promoting ‘swadeshi’ goods and asserted that the next generation GST reforms will accelerate India’s growth story, increase ease of doing business and attract more investors.
In his address to the nation, Modi said a ‘GST Bachat Utsav (savings festival)’ will begin from the first day of Navratri, and coupled with the income tax exemption, it will be a “double bonanza” for most of the people. PM Modi stressed all states will be equal stakeholders in the development race and urged them to give pace to manufacturing with ‘Atmanirbhar Bharat’ and swadeshi campaigns in mind.
“On the first day of Navratri, the country is going to take an important and big step for Atmanirbhar Bharat. With the sunrise tomorrow, the next generation GST reforms will come into effect. A ‘GST bachat utsav will begin tomorrow. “You will be able to buy things you like more easily. The poor, middle class, neo middle class, youths, farmers, women, traders and shopkeepers will benefit from this,” he said.
In this season of festivals, everyone’s happiness will increase, Modi said. He congratulated all on the next generation GST reforms. “These reforms will accelerate India’s growth story, increase ease of doing business and attract more investors,” Modi said.
He also said the GST move would benefit MSMEs big time. Prime Minister Modi urged the people of the country to take pride in selling and buying indigenous goods. The way the country’s independence got strengthened by the Swadeshi movement, similarly, India’s prosperity will be empowered by the mantra of ‘swadeshi’, he said.
