New GST Rates Highlights: GST rejig to lower retail inflation by 60-75 bps, says SBI Research
Published in Mint | September 2025
“The consolidation under the 18% slab provides clarity for industries such as automotive, logistics, and appliances. GST rates for MSMEs and consumer-driven businesses enhances their cost competitiveness, enabling them to better integrate into global value chains and strengthen their position in international markets. It encourages long-term capital allocation, while boosting consumption in the short term,” says Bharat Dhawan, Managing Partner, Forvis Mazars in India