‘GST Bachat Utsav’ from tomorrow: PM Modi announces price cuts

**‘GST Bachat Utsav’ from Tomorrow: PM Modi Announces Price Cuts**

*By Snehil Singh | September 21, 2025, 5:20 PM*

Prime Minister Narendra Modi has announced the launch of a “GST Bachat Utsav” starting September 22, describing it as a next-generation reform aimed at transforming the economy. The new Goods and Services Tax (GST) rates, effective from Monday, are designed to reduce the cost of daily essentials and stimulate consumption-driven growth across India.

“This reform is not only about reducing prices but about creating new opportunities,” PM Modi said during his nationwide address on Sunday.

**Economic Impact: GST Reforms to Benefit 99% of Goods**

According to the Prime Minister, the recent GST reforms will benefit 99% of goods, which will now fall under the 5% tax slab. Simplifying the tax structure to mainly two slabs—5% and 18%—will help make common goods more affordable for everyday consumers.

PM Modi emphasized that these changes will not only lower prices but also unlock new avenues for economic growth across multiple sectors, including industry, agriculture, and services.

**Public Focus: Double Bonanza for Poor and Neo-Middle Class**

Highlighting the social impact, the Prime Minister noted that the GST reforms prioritize public welfare, offering a “double bonanza” to the poor and the neo-middle class.

“When the purchasing power of people rises, it benefits every sector—from industry to agriculture to services. This is a reform that will touch every household,” he said.

**Political Response**

Earlier, the Congress party questioned whether PM Modi would address concerns related to former U.S. President Donald Trump’s remarks on India-Pakistan relations and issues concerning H-1B visa holders. However, PM Modi’s address primarily focused on outlining the benefits of the GST cuts and the government’s broader economic roadmap.

The GST rate reductions were initially announced by Finance Minister Nirmala Sitharaman earlier this month, marking the most significant indirect tax reform since July 2017.

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With these reforms, the government aims to boost consumption, make essential goods more affordable, and spur inclusive economic growth across the country. The “GST Bachat Utsav” celebrations starting tomorrow are expected to bring immediate relief to consumers while supporting India’s growth trajectory in the coming years.
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