Jairam Ramesh questions GST cuts' impact, flags weak consumption and investment
New Delhi, Sept. 21 -- Congress leader Jairam Ramesh on Monday claimed that the impact of the Goods and Services Tax (GST) rate cuts announced in September 2025 has been mixed, alleging that rising inflation has neutralised the benefits for several consumer goods.
In a post on X, Ramesh said, "The GST rate cuts in September 2025 were proclaimed to be game-changers. They had, of course, been long overdue - but to boast of them as magic wands was hyperbole. In fact, their impact on boosting consumption has been mixed at best."
"For instance, automobile sales benefited while apparel sales did not," he added.
Ramesh further claimed that prices of several consumer goods had returned to nearly their pre-GST cut levels within a year without l...
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