New Delhi, Sep 03 Upcoming changes to India’s Goods and Services Tax (GST), referred to as “GST 2.0,” are expected to stimulate consumption-led growth and positively impact the earnings cycle, according to Emkay Global Financial Services.
This reform, with potential announcements on Thursday and rate notifications by the third week of September, is predicted to provide an immediate boost to consumption, accelerate economic formalisation, and increase efficiencies by reducing regulatory burdens.
Market sentiment is optimistic, with the GST Council considering rate rationalisation and reduced levies on insurance premiums, moves that could lower product prices and spur consumer demand. Experts view favourable GST announcements as a potential near-term catalyst for markets.
