Finance Minister Nirmala Sitharaman said the recent GST rate reductions are expected to boost consumption, production, and employment, creating a wider tax base. Speaking at a seminar in Kolkata on Next-Gen GST Reforms, she highlighted that GST 2.0 is a gamechanger and a boon for the common man. The reforms are projected to inject ₹2 lakh crore into the Indian economy—equivalent to four times PMAY allocations and ten times PLI scheme allocations.The government has estimated a net revenue loss of