GST Rate Cut 2025: Sitharaman, Goyal Hail Festive Boost

Union ministers Nirmala Sitharaman, Piyush Goyal and Ashwini Vaishnaw welcomed the latest GST rate cut, calling it a festive-season booster to spur consumption, ease inflation and support MSMEs. They said lower indirect taxes should lift retail, e-commerce and manufacturing ahead of peak shopping, improving cash flows and affordability while signaling pro-growth policy momentum. Government expects wider compliance and formalisation benefits.