PM Modi said, India is laying a strong foundation for the coming decades and the nation’s resolve and guiding mantra is Aatmanirbhar Bharat (self-reliant India).
Prime Minister Narendra Modi on Thursday said that GST reforms will continue, with the tax burden on citizens set to decline further as the economy grows stronger.
He underlined that the country today has the determination for reforms, supported by democratic and political stability as well as policy predictability.
Earlier this month, India introduced next-generation changes to the GST framework. Modi noted that these structural reforms in the Goods and Services Tax will provide fresh momentum to India’s growth story.
PM Modi Hints More Reduction On GST Rate
The Prime Minister said the government introduced reforms in the indirect tax regime by implementing GST in 2017, a significant step towards strengthening the economy, followed by further reforms in September of this year.
“Today, the country is proudly celebrating ‘GST Bachat Utsav’. I want to tell you that we are not going to stop here. In 2017, we brought GST… and then again (brought reforms) in 2025. We will further strengthen the economy. As the economy continues to grow, the tax burden will continue to decrease. With the blessings of the citizens, the reforms in GST will continue,” he said.
‘Citizens To Save Rs 2.5 lakh crore’ PM Modi
Addressing the gathering after inaugurating the Uttar Pradesh International Trade Show 2025 here, Modi said his government has significantly reduced taxes, curbed inflation, and increased both income and savings for the people.
He said that by making income up to Rs 12 lakh tax-free and implementing new GST reforms, citizens are set to save Rs 2.5 lakh crore this year alone.
(With Inputs From PTI)
