
India’s GST Cuts: Mixed Impact Predicted for Festive Season Economy
India’s Goods and Services Tax (GST) reform, effective September 22, 2025, has introduced a simplified two-slab system of 5% and 18%, replacing the previous four-rate structure. The move brings rate reductions across key sectors including automobiles, cement, FMCG, and textiles, but experts warn festive season growth may remain subdued due to wider economic challenges.