GST in the country. Prime Minister Modi has stated that tax reform will persist. Prime Minister Narendra Modi inaugurated an international trade fair featuring 2,400 booths under the theme ‘Ultimate Sourcing Starts Here’ in Noida, Uttar Pradesh. This exhibition, showcasing handicrafts, textiles, leather products, agriculture, and information technology equipment, has been organized to highlight the concept of a self-reliant India. Subsequently, while addressing the event, he remarked; Progress cannot be attained by depending on others. The advancement of a nation that is significantly reliant on others will inevitably encounter limitations. India must focus on self-reliance. It should aim to lessen its dependence on foreign nations.
The armed forces are advocating for indigenous products; they seek to minimize reliance on external sources. We are establishing a framework where everything is marked with the label Made in India. India ought to strive for self-sufficiency; every product should be manufactured within the country; challenges will not deter us. We observe new pathways and fresh opportunities in this endeavor. Despite the global disruptions and uncertainties, India’s growth remains remarkable. Our resolve, our guiding principle. GST. Tax reforms within the nation will persist, further bolstering the economy and alleviating the tax burden on citizens. In 2014, a shirt priced at Rs 1,000 was subjected to a tax of Rs 117; following the implementation of GST in 2017, the tax was reduced to Rs 50. Currently, with the GST reforms, only Rs 35 is required as tax. India is experiencing dynamic growth in the defense sector.
