GST reforms will continue, tax burden to ease further as economy gains more strength: PMShare: NTOI Desk, 25th Sept. : Prime Minister Narendra Modi on Thursday said the reforms in GST will continue and the tax burden on citizens will further ease as the economy gains more strength. Modi emphasised that the nation currently possesses strong willpower for reforms, backed by democratic and political stability, along with policy predictability. Earlier this month, India effected next-generation reforms in GST. He said the structural reforms in Goods and Services Tax (GST) are set to give new wings to country’s growth story. Addressing the gathering after inaugurating the Uttar Pradesh International Trade Show 2025 here, the Prime Minister said his government has significantly reduced taxes, curbed inflation, and increased both income and savings for the people. He said that by making income up to Rs 12 lakh tax-free and implementing new GST reforms, citizens are set to save Rs 2.5 lakh crore this year alone. Modi said the government introduced reforms in the indirect tax regime by implementing GST in 2017, a significant step towards strengthening the economy, followed by further reforms in September of this year. “Today, the country is proudly celebrating ‘GST Bachat Utsav’. I want to tell you that we are not going to stop here. In 2017, we brought GST… and then again (brought reforms) in 2025. We will further strengthen the economy. As the economy continues to grow, the tax burden will continue to decrease. With the blessings of the citizens, the reforms in GST will continue,” he said. The Prime Minister also accused opposition parties of spreading falsehoods to cover up their own governance failures, asserting that during the Congress regime, excessive taxation burdened ordinary citizens. “The poor, new middle class, and middle class have all benefited with higher savings (due to IT benefits and GST reforms). Despite this, some political parties are trying to confuse people. Congress and its allies are lying to the people to hide the failures of their own governments prior to 2014. “The truth is that there was ‘Tax Loot’ during Congress-led governments. The common citizens of the country were suffering due to the heavy taxes. Our government has reduced the burden of taxes in a big way and lowered inflation,” Modi said. The Prime Minister also emphasised that India is advancing toward its goal of becoming a developed nation by 2047. “Despite global disruptions and uncertainty, India’s growth remains attractive,” he said, and added that disruptions do not divert India — they reveal new directions. Amidst these challenges, he said, India is laying a strong foundation for the coming decades. He reiterated that the nation’s resolve and guiding mantra is Aatmanirbhar Bharat (self-reliant India). Stressing that there is no greater helplessness than dependence on others, Modi said in a changing world, the more a country relies on others, the more its growth is compromised. “India must become self-reliant. Every product that can be made in India must be produced in India,” he said. Modi called upon the entrepreneurs, traders, and innovators present at the event to design business models that strengthen India’s self-reliance. He further said the government is strongly focused on ‘Make in India’ and boosting domestic manufacturing, and spoke about the vision to produce everything from chips to ships within the country. The government is continuously working to enhance Ease of Doing Business and highlighted that over 40,000 compliances have been eliminated, and hundreds of rules that previously led to legal cases over minor business errors have been decriminalised. The Prime Minister remarked that every Indian is now connected with swadeshi and wants to buy local products. admin
