How Did PM Modi's GST Rate Cuts Propel India's Development?
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Synopsis
In a recent statement, Haryana's Transport Minister Anil Vij praised PM Modi's decision to reduce GST rates, emphasizing its role in propelling India's economic growth and societal well-being. The reforms aim to create jobs while discouraging unhealthy consumption habits.
Key Takeaways
- GST rate cuts boost economic growth
- Essential goods become more affordable
- Higher GST on harmful products
- New regulations on online gaming introduced
- Government aims to promote societal values
Chandigarh, Sep 5 (NationPress) Haryana’s Transport Minister Anil Vij commended Prime Minister Narendra Modi for his decision to cut GST rates, which he described as a significant catalyst for India’s economic advancement.
“By reducing GST rates, Prime Minister Modi has accelerated India’s development,” Vij stated during a media interaction. He elaborated on the economic consequences, noting, “When GST rates decline, the prices of goods drop. Lower prices enhance purchasing power, which subsequently boosts demand. An increase in demand results in more factories being set up, thereby generating additional employment opportunities.”
“More employment leads to enhanced purchasing power, restarting the economic cycle. This is how sustainable growth is fostered.” Vij further emphasized that the Prime Minister has “transformed development into a rocket,” while providing relief to ordinary citizens by lessening GST on essential commodities including flour, milk, curd, butter, medicines, and insurance.
Conversely, items associated with detrimental behaviors such as ‘beedis’, tobacco, and alcohol have been subjected to a 40 percent GST rate. “This not only discourages unhealthy consumption but also conveys a powerful social message to abandon harmful habits,” he remarked.
Regarding regulatory changes, Vij pointed out that the government has enacted a Bill to regulate online gaming. “Online gaming has been around for some time, and it has always been harmful. Previous administrations lacked the political will to address this, but our government is firmly committed to curbing malpractice and stands strong against pressure,” he asserted.
Highlighting a broader vision, Vij asserted, “The government's GST reforms are not merely economic; they also aim at nurturing character. Essential everyday items have become cheaper, while harmful products have faced higher taxation. This reflects our government’s determination to steer society in a positive direction. Unlike previous governments, we are focused on values and personality development.”
Point of View
It is essential to recognize the significance of PM Modi's GST reforms. These changes reflect a commitment to economic growth while addressing social concerns. The balance between enhancing economic opportunities and promoting societal values showcases a holistic approach to governance that should be applauded.
NationPress
05/09/2025
Frequently Asked Questions
What impact will the GST rate cuts have on the economy?
The GST rate cuts are expected to lower prices, enhance purchasing power, and stimulate demand, ultimately leading to job creation and economic growth.
How do the reforms affect essential goods?
The reforms have reduced GST on essential items like flour and milk, making them more affordable for everyday consumers.
What measures are being taken against harmful products?
Products like tobacco and alcohol are facing a higher GST rate of 40%, aimed at discouraging unhealthy consumption.
What is the government's stance on online gaming?
The government has introduced a Bill to regulate online gaming, demonstrating a commitment to addressing past issues associated with it.
How do these reforms reflect on societal values?
These GST reforms aim to promote both economic growth and character development by making essential goods cheaper and taxing harmful products more heavily.
