GST 2.0: A Reform That Touches Every Indian

India has entered a new era of economic governance.

- Tuhin A. Sinha & Nagender Parashar

India has entered a new era of economic governance. With the rollout of GST 2.0, the Union Government under the leadership of Prime Minister Shri Narendra Modi has delivered a reform that is not only historic but also deeply people-centric. This bold step reflects a careful balance of fiscal prudence and inclusive growth, bringing relief to households, industries, and entrepreneurs alike.

At the heart of GST 2.0 lies a dramatic simplification. The old 12% and 28% slabs have been scrapped in favour of a streamlined dual-rate system of 5% and 18%, with a 40% levy reserved for luxury and sin goods. For the common man, this means cheaper essentials, affordable healthcare, lower costs of education tools and appliances, and more money in hand to spend. For farmers, reduced taxation on agricultural inputs eases costs, increases profitability, and strengthens the rural economy. For the middle class, a simplified structure lowers day-to-day expenses, directly boosting purchasing power. This reform ensures that no group is left behind—it touches every household, every village, and every sector.