From September 22, GST 2.0 will reduce the current four-rate structure to two slabs: 5 per cent and 18 per cent. Taxes on several goods have been cut, promising immediate relief for consumers. Market participants expect the reforms to boost business sentiment.

US President Donald Trump announced a sharp increase in the H-1B visa fee to $100,000. The fee will apply only to new visa applications. Any progress in India-US trade negotiations could further impact investor confidence, as a US delegation is currently in India.

The domestic market ended last week on a strong note. Nifty gained 0.85 per cent to 25,327.05, while Sensex rose 721.53 points to 82,626.23. Sectoral indices such as PSU banks, realty, energy, and services recorded healthy gains. FIIs sold equities worth Rs 1,327.38 crore, the lowest outflow in weeks, while DIIs bought Rs 11,177.37 crore.

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Around 99% of items currently taxed at 12% GST will move to a 5% rate. Similarly, approximately 90% of goods in the 28% tax bracket will now fall under 18%. This major rationalisation aims to make both essential and aspirational products more affordable for consumers.

Household staples such as ghee, paneer, butter, namkeen, ketchup, jam, dry fruits, coffee, and ice creams will see noticeable price reductions. Aspirational goods, including TVs, air conditioners, washing machines, and other home appliances, will also become cheaper. Several FMCG and electronics companies have already announced price adjustments to reflect the new GST rates.

Experts predict that the rate cut will encourage consumer spending and boost demand across sectors. For middle-class families and daily shoppers, the GST reduction means savings on everyday purchases, while for aspirational buyers, it lowers the cost of high-value items.

The GST rationalisation is expected to have a broader economic impact, improving affordability, enhancing consumption, and stimulating market growth. Consumers can look forward to more accessible products and better value for money across India.

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