New Delhi, Sep 28
The GST 2.0 rate cuts are set to benefit Madhya Pradesh’s economy across diverse sectors, leading to higher earnings for artisans and stronger MSMEs as competitiveness improves due to lower input costs and demand for consumer goods and services goes up with the decline in prices.
From the weavers of Maheshwar and the artists of Mandla to the cement workers of Satna and the footwear makers of Dewas, the reforms promise widespread impact across rural and urban livelihoods. By reducing the incidence of tax and opening new market opportunities, these changes align with the vision of Atmanirbhar Bharat and Viksit Bharat 2047, positioning Madhya Pradesh as a major beneficiary of GST reforms, according to an official statement issued on Sunday.