GST Reforms to Boost Kerala’s Economy

Kerala's recent GST reforms, reducing tax rates to 5% on various agricultural and processed goods, are set to benefit over 6.7 lakh workers in sectors like cashew, coir, seafood, and tea. The reforms aim to enhance affordability, competitiveness, and income opportunities across the state's economy, particularly in agriculture, food processing, tourism, and Ayurveda. Key sectors such as fisheries and cottage industries are expected to see significant cost reductions, fostering inclusive economic growth.

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