Commerce Minister Piyush Goyal on Friday hit out at the Congress, accusing the party of burdening citizens with high taxes when it was in power, and said the BJP-led government’s latest GST reset would unleash a new wave of investments and jobs to power India’s "cycle of growth."
Speaking at a press conference organised by the BJP in New Delhi, Goyal said the changes in GST rates mark a turning point for the economy. "GST rejig will help to carry the economy ahead in coming days," he said.
The minister argued that lower taxes under the new regime would directly benefit consumers and businesses.
"Everything from TVs to shoes will become cheaper after this overhaul," he said, noting that the reset would make India more attractive for investors.
Goyal also stressed that the Centre would not allow states to face fiscal distress because of the shift. "If states face fund shortages, Centre will step in," he assured.
Framing the reform in broader political terms, he said: "Desh rukega nahin, jhukega nahin." He added that India’s economy "has strengthened significantly, driven by development."
"More investments would mean more jobs, more employment and better salaries; this can be seen as a cycle of growth," Goyal said.
Speaking at a press conference organised by the BJP in New Delhi, Goyal said the changes in GST rates mark a turning point for the economy. "GST rejig will help to carry the economy ahead in coming days," he said.
The minister argued that lower taxes under the new regime would directly benefit consumers and businesses.
"Everything from TVs to shoes will become cheaper after this overhaul," he said, noting that the reset would make India more attractive for investors.
Goyal also stressed that the Centre would not allow states to face fiscal distress because of the shift. "If states face fund shortages, Centre will step in," he assured.
Framing the reform in broader political terms, he said: "Desh rukega nahin, jhukega nahin." He added that India’s economy "has strengthened significantly, driven by development."
"More investments would mean more jobs, more employment and better salaries; this can be seen as a cycle of growth," Goyal said.
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