PM Modi's Address To Nation: 'GST Bachat Utsav Will Be Double Bonanza For Poor, Neo-Middle Class & Middle Class'

New Delhi: A day ahead of the rollout of the new GST regime, Prime Minister Narendra Modi addressed the nation and hailed the ‘GST bachat utsav’.

“From tomorrow, the festival of Navratri is starting. I extend my best wishes to you. From the first day of Navratri, the country is taking an important step towards Aatmanirbhar Bharat. Tomorrow, on the first day of Navratri, next-generation GST reforms will come into effect,” Modi said.

“From tomorrow in the nation, ‘GST bachat utsav’ will commence. Your savings will increase and you will be able to buy your favourite things… ‘GST bachat utsav’ will benefit all sections of the society, and will accelerate Bharat’s growth story, simplify business, make investment more attractive, and make every state an equal partner in the race for development.”

During his 19-minute speech, the Prime Minister said the GST reforms will result in a ‘double bonanza’ for the poor, the neo-middle class and the middle class.

“In the last eleven years, 25 crore people in the country have defeated poverty. Having emerged from poverty, a large group of 25 crore people, known as the neo-middle class, is playing a significant role in the country today. This neo-middle class has its own aspirations and dreams. This year, the government presented a gift by making income up to Rs 12 lakh tax-free and naturally, when income tax relief up to Rs 12 lakh is granted, the lives of the middle class undergo a profound transformation, bringing about so much simplicity and convenience… Now, the poor, the neo-middle class, and the middle class are receiving a double bonanza. With the reduction in GST, it will be easier for the citizens of the country to fulfil their dreams,” Modi explained.