Nifty Auto Vs Nifty FMCG Vs Nifty Realty: Consumer Stocks In Focus Amid GST Reform—What Should You Bet On?

Nifty Auto Vs Nifty FMCG Vs Nifty Realty: Consumer Stocks In Focus Amid GST Reform—What Should You Bet On?

Nifty Auto Vs Nifty FMCG Vs Nifty Realty: Consumer-driven companies are poised for gains in the near-term, aided by the government's upcoming next-generation reforms to the Goods and Services Tax (GST), dubbed GST 2.0 that PM Modi as a 'Diwali gift' to citizens. The potential GST rate cuts in the next few months aim to reduce the overall tax burden on consumers and empower small businesses, especially the MSME sector. From consumer durables, rea…

GST 2.0: A tax reform that could deliver a more competitive India

The announcement of next-generation goods and services tax (GST) reforms by India’s Prime Minister Narendra Modi on the occasion of our 79th Independence Day is a landmark moment for the nation.Eight years after the historic implementation of GST, which subsumed a complex web of indirect taxes into a unified system, this reform is ready for its second phase. The new agenda, centred on a structural revision aimed at rate rationalization and ease …