GST Cuts

Health insurance growth and GST rate cuts drive premium expansion, even as accounting changes and crop insurance decline weigh on overall industry growth

Co says strong product mix, multi-powertrain strategy drive volume and market share gains

Passenger vehicle wholesales rose 16.3 per cent in March, driven by GST-led demand recovery and strong SUV traction, even as geopolitical tensions weighed on costs

FMCG companies expect volume-driven growth in the coming quarters, backed by GST cuts and improving urban-rural demand, though selective price hikes may still be taken where needed

Life insurers clocked nearly 40% year-on-year growth in December new business premiums, led by LIC and aided by GST rationalisation that improved affordability

GST transition weighs on Q3 FMCG volumes, but brokerages expect sequential recovery as restocking improves and lower taxes, easing inflation support demand

Canara Bank expects credit momentum to continue in H2 of FY26, supported by GST rate cuts, robust rural lending, and higher retail demand even as it works to maintain profitability and asset quality

The GST exemption on insurance and festive demand have driven strong growth in health, motor segments, with ICICI Lombard, SBI General, Star Health reporting sharp upticks in sales, premium collection

Spending between Sept 22 and Oct 21 - the period between the Hindu festivals of Navratri and Diwali - increased 8.5 per cent from the same time last year

Festive shopping, GST rate cuts, and heavy bank offers push card spending to an all-time high; HDFC, SBI Cards, and ICICI Bank lead growth

Analysts largely agree that the toothpaste major's volumes and revenue were hit by a 'double whammy' of GST rate cuts and intensifying competition, with limited signs of a near-term recovery.

HDFC Life sees 50% surge in retail term sales after GST cut; CEO Vibha Padalkar outlines margin recovery, product mix shift, and strategies to offset ITC impact

Marico's domestic business logged a volume growth of high single digit in the second quarter of the current fiscal, despite facing a transitory impact from the disruption created by the implementation of new GST slabs. However, Marico "expects modest operating profit growth on a year-on-year basis" as it extended discounts on the pipeline inventory to its channel partners during the two weeks leading up to the effective date of the GST rate changes and high commodity prices, the company said in its latest quarter updates. The government announced the Next-Generation (GST 2.0) reforms on September 4, lowering tax on most daily essentials, including food and personal care products, which took effect from September 22. The GST rationalisation has benefited 30 per cent of its India business, which will stimulate demand and help in long-term growth in the FMCG sector, said Marico. "In line with the intent of the government's measures, we have passed on the benefits of revised GST rates

Under the new GST 2.0 set of reforms, holders of individual health and life insurance policies will no longer have to pay any tax on the premium amount

India's Flash PMI slowed in September as weak export orders hurt manufacturing while domestic demand ahead of festivals offered support, easing price pressures and lifting confidence

OECD expects global growth to soften in the second half of 2025 as front-loaded activity fades and higher tariffs in the US and China dampen investment and trade

Real estate developers expect GST cuts on inputs and festive buying sentiment to spur housing demand across luxury, mid-segment and Tier-2 cities after a lull in sales

Addressing the gathering, Minister Sitharaman paid tribute to women workers who form the backbone of the matchbox industry

Pralhad Joshi said GST rationalisation on renewable energy devices will lower solar pump costs for farmers by Rs 1,750 crore annually under schemes like PM-KUSUM

Shivraj Singh Chouhan announced PM-KISAN benefits for border farmers without land rights and promised flood relief for J&K along with GST-linked cuts in farm equipment costs