US tariff impact: GST 2.0 set to provide relief to affected sectors

GST 2.0 reforms are poised to alleviate the impact of US tariff hikes, offering crucial support to sectors like textiles and automobiles. Stakeholders anticipate the rationalization, merging rates into two slabs, will boost domestic demand and offset global trade pressures. Experts believe the move will lower inflation, increase growth, and benefit both consumers and industries.