The Economic Times

Effect of GST rate cuts on commodities neutralised by 'galloping' inflation: Congress

Congress has highlighted that the gains from GST rate reductions are being wiped out by escalating inflation. They claim that increasing commodity prices have undermined the advantages of GST reform. The party also points out that GDP may provide a temporary sense of improvement, but it masked pressing issues within growth. Across all income levels, consumption remains lackluster, and real wages have fallen.