PM’s Economic Advisory Council member Sanjeev Sanyal explains the thought process behind the sweeping GST reforms. Effective September 22, GST rates and slabs have been rationalised, reducing four slabs to just two, with key exemptions for insurance, medicines, and essential goods. Sanyal highlights why the timing was right, how reforms have evolved since GST’s 2017 launch, and why simplification boosts long-term growth. He addresses opposition concerns on revenue loss, explains the benefits for the middle class and farmers, and places the reforms in India’s broader global economic positioning. Watch this detailed interview for insights into the next-generation tax reforms and India’s growth trajectory.
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