GST cuts: No impact on edible oil, but boost to processed foods demand says Adani Wilmar CEO

GST cuts on margarine, soya nuggets, jams, and jellies are set to boost Indias processed food sector, says Adani Wilmar CEO Angshu Mallick. The reduced rates make plant protein and margarine more affordable, benefiting consumers, farmers, and bakeries, while rural demand is expected to strengthen, driving sector growth.