8 Years of GST: PM Modi Says Reform Boosted Ease of Doing Business for SMEs

Last updated: 02 July 2025

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Prime Minister Narendra Modi has marked the eighth anniversary of India's Goods and Services Tax (GST), calling it a significant reform that has transformed the nation's economy. He stated that GST has substantially improved the ease of doing business, especially for small and medium enterprises, by lowering compliance requirements. Furthermore, the Prime Minister noted that GST has been a key driver of economic growth and has promoted cooperative federalism by making states active participants in market integration.

GST stands out as a landmark reform that has reshaped India's economic landscape: PM

The Prime Minister Shri Narendra Modi has remarked that eight years since GST was introduced, it stands out as a landmark reform that has reshaped India's economic landscape. "By reducing the compliance burden, it has greatly improved the Ease of Doing Business, particularly for small and medium enterprises", Shri Modi stated.

GST Turns 8: Modi Hails Reform for SMEs and Business Ease

The Prime Minister posted on X

"Eight years since it was introduced, GST stands out as a landmark reform that has reshaped India's economic landscape.

By reducing the compliance burden, it has greatly improved the Ease of Doing Business, particularly for small and medium enterprises.

GST has also served as a powerful engine for economic growth, while fostering true cooperative federalism by making states equal partners in this journey to integrate India's market."

Eight years since it was introduced, GST stands out as a landmark reform that has reshaped India’s economic landscape.

By reducing the compliance burden, it has greatly improved the Ease of Doing Business, particularly for small and medium enterprises.

GST has also served as… pic.twitter.com/RpvYRwTEwl
— Narendra Modi (@narendramodi) July 1, 2025

FAQ :

The eighth anniversary of the introduction of GST is being celebrated.

GST has greatly improved the ease of doing business by reducing the compliance burden, particularly for small and medium enterprises.

GST has served as a powerful engine for economic growth.

GST has fostered true cooperative federalism by making states equal partners in integrating India's market.

Prime Minister Narendra Modi commented on the impact of GST.

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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