Inflation and the gains from GST rate cuts
The Economic Times reports that Congress says rising commodity prices have wiped out the benefits of GST rate reductions.
TLDR
Congress argues that “galloping” inflation has neutralized the gains from GST rate cuts on commodities, The Economic Times reports. The party also says GDP may give a temporary sense of improvement while masking growth problems, pointing to lackluster consumption across income levels and falling real wages.
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