Views on Next-Gen GST Reform and Its Role in Rural Empowerment by Dilip Modi, Founder & CEO, Spice Money
Below the Views on Next-Gen GST Reform and Its Role in Rural Empowerment by Dilip Modi, Founder & CEO, Spice Money
“The Government of India’s announcement of the Next-Gen GST reform is a landmark step that will directly uplift millions of rural households and small entrepreneurs. By lowering GST on essentials, healthcare products, and agricultural machinery, the reform goes beyond affordability to drive empowerment and opportunity for Bharat.
For rural families, reduced costs on daily-use items and school supplies mean real savings that can be redirected to education, healthcare, or growing livelihoods. For farmers, lower GST on tractors, irrigation systems, and bio-pesticides eases input costs and supports higher productivity. For micro-entrepreneurs, affordable appliances and sewing machines create new avenues for small businesses.
At Spice Money, we see firsthand how every rupee saved can spark real change, from better standard of living to improved digital adoption. This reform will boost consumption in rural India and strengthen belief in the formal economy, creating a cycle of growth, inclusion, and financial resilience. It is a timely and progressive step toward building an Aatmanirbhar Bharat.”
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