Mr. Angshu Mallick, MD & CEO, AWL Agri Business Limited :
“The simplification of the GST is expected to provide a 20–30 basis point (bps) boost to India’s GDP growth in FY26, as the new structure is likely to strengthen consumption, particularly in the ₹14.50-lakh crore (US$167 billion) FMCG industry. The tax reduction on staples and daily-use items is projected to catalyse rural demand, which is now estimated to grow by 8–10% in the remaining quarters of this fiscal.
“We don’t see any rate changes for branded atta (wheat flour), while the processed food industry, which contributes nearly one-third of India’s FMCG sales, would be one of the biggest beneficiaries. For the FMCG sector, this would result in volume growth of 10–12%, particularly during the festive season.
“The shift of essential stationery items for schools, including as pencils, crayons and tailor’s chalk, to nil from the earlier 12% tax bracket will lowers the cost of basic learning tools. A socially progressive tax reform, this would provide a fillip to rural education, and would go a long way in fostering human capital development.”
Ajay Lakhotia, Founder and CEO, StockGro
"GST 2.0 is government's strongest push to put India in the fast lane of growth. The tax system is now dramatically simplified with 2 core slabs - 5% and 18%. Starting September 22nd, everyday essentials and medical items get cheaper, health insurance will be tax-free, and big-ticket items like air conditioners, TVs, and cars will only attract 18% tax.
That’s real relief for middle-class wallets right before Diwali. We can expect FMCG volumes to tick up, vehicles and appliances to sell faster, and services (from salons to gyms) to see a demand bump. The government is giving up about ₹48,000 crores in tax revenue short-term, but this move should boost consumer spending, reduce inflation, and lift market sentiment. It is, indeed, quite the festival bonanza we needed".
Mr. Kabir Bhandari, MD & Chairman, PVNA Group, on the GST reform and its implications for India’s mobility and automotive sector. We believe this perspective will add value to your story on industry reactions and future outlook:
"PVNA Group welcomes the GST reform as a catalyst for India’s mobility future. By lowering barriers and simplifying compliance, it enables the industry to invest in new technologies, strengthening automotive supply chains to be more resilient and globally relevant.
At PVNA Group, we see this as a defining moment to build a more innovative, inclusive, and future-ready mobility ecosystem,” said, Kabir Bhandari, MD and Chairman, PVNA Group.
