Record Diwali Sales Show GST Reforms Powering Economic Momentum: PM Modi



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Prime Minister Narendra Modi has stated that India's economy is experiencing significant momentum, evidenced by record-breaking sales during Diwali and Dhanteras. He attributed this surge to the transformative Goods and Services Tax (GST) reforms, which are fostering employment, particularly within the MSME and retail sectors. The Prime Minister also emphasised the government's commitment to empowering the nation's youth through job creation and skill development, noting that over 51,000 appointment letters were distributed at a recent Rozgar Mela.

Prime Minister Narendra Modi on Friday said that the recent Goods and Services Tax (GST) reforms have given a strong boost to India's economy, creating fresh avenues for employment, especially in theMSME and retail sectors. Addressing the 17th Rozgar Mela virtually, the Prime Minister said that empowering the nation's youth remains at the heart of the government's economic and policy decisions. Calling the next-generation GST changes "transformational," he said the reforms are helping increase
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FAQ :

Prime Minister Modi has linked the record sales during Diwali and Dhanteras to the positive impact of recent Goods and Services Tax (GST) reforms on India's economy.

GST reforms are creating new avenues for employment, especially in the MSME and retail sectors, and are helping to accelerate business growth and drive new job opportunities across industries.

The 17th Rozgar Mela saw the distribution of over 51,000 appointment letters for government positions, bringing the total jobs offered through these events to over 11 lakh.

The positive effects of GST reforms are particularly visible in manufacturing, logistics, and distribution, with MSMEs and retailers expanding operations and hiring new talent.

The Prime Minister mentioned growing global partnerships, citing collaboration with the United Kingdom in areas like artificial intelligence, clean energy, and fintech, to open new international avenues for Indian professionals.




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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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