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  - Times of India - Business - 24/06/2024 21:28

GST made household goods cheaper, helped poor save: PM Modi

Modi's comments signalled govt's intent to push reforms despite lower numbers in the Lok Sabha. Analysts were worried if the NDA regime would be able to push ahead with key changes as it marks a return of coalition. The overall expectation is that some of the legislative changes may have to wait while executive decisions will be implemented. The statement came ahead almost seven years after the GST was introduced as the biggest tax reforms post-Independence.

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Although the household food basket cost less in June, it is still too expensive for low-income consumers to afford enough nutritious food.