New Delhi, Sept. 5 -- India's GDP growth of 7.8% in Q1FY26 has reaffirmed its position as the fastest-growing large economy in the world. This momentum stems from both robust policy interventions and the confidence of the Indian industry in the economy's long-term trajectory.

Against this backdrop, the GST 2.0 reforms announced by the GST Council on 3 September stand out as one of the most significant milestones since the tax's rollout in 2017. These reforms are more than a fiscal adjustment-they signal a new era of trust and collaboration between the central government, the states, and the business community. In doing so, they set the stage for India's ambitious goal of becoming a $30 trillion economy by 2047.

The rationalization of ra...