GST Rationalisation: Boosting Growth and Livelihood in Madhya Pradesh

The recent GST rate rationalisation in Madhya Pradesh is set to significantly reduce costs across various sectors, including food processing, agriculture, handicrafts, and construction. Key benefits include a 6-7% price reduction on namkeens, 7-13% on farm equipment, and 6-10% on traditional crafts like Maheshwari sarees and Gond paintings. The cement and sandstone industries will also see price drops of 8-10%, enhancing housing and infrastructure demand. Overall, these reforms aim to support local artisans, MSMEs, and boost economic growth in the state.

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