GST Bachat Utsav: PM Rolls Out Tax Reforms From Navratri To Boost Common Man's Savings | Top Points

PM Modi (New Delhi): Prime Minister Narendra Modi addressed the nation on Sunday evening, 21 September, delivering a speech focused on economic reforms, global strategy, and festive season initiatives. This was his first address to the nation since turning 75 earlier this month. PM Modi during his speech, announced the launch of ‘GST Bachat Utsav’ starting tomorrow.

The address mainly focused on empowering India’s neo middle class, and major GST reforms. 

The address comes at a time of heightened geopolitical activity and economic recalibration, and is expected to set the tone for India’s next phase of leadership on the world stage.

Festive Greeting

PM Modi began his address by extending warm wishes to the nation on the occasion of Navaratri, invoking the spirit of renewal and prosperity.

GST Bachat Utsav

PM Highlighted the launch of the GST Bachat Utsav, aimed at promoting consumer savings and boosting festive season demand. He emphasised how simplified GST processes will benefit small businesses and middle-class families.

GST Reform for Growth

New GST reforms focused on: Streamlining compliance for MSMEs, reducing tax burden on essential goods, enhancing transparency and digital integration, positioned the reforms as a catalyst for economic growth and job creation.

Citizen Devo Bhava

PM Modi during his address said, "We are moving forward with the mantra of 'citizen devo bhava'. The clear reflection of this is visible in the GST reforms. This is the budget festival. To reach the goal of a developed India, we will have to walk on the path of self-reliance. Whatever we can make in the country, we should make it in the country itself. Reducing the GST rate will benefit our MSMEs a lot."

Double GST Bonanza

Middle-class families expected to benefit from lower monthly expenses after next-gen GST reforms. “Items that were previously taxed at 12%—99% of them are now under the 5% tax bracket,” said PM Modi.

Simplified Structure for Small Businesses

New GST norms ease filing and reduce paperwork for MSMEs. Encourages entrepreneurship and self-employment among middle-class professionals.

Neo Middle Class

PM Modi defines the Neo Middle Class as those transitioning from poverty to stability, with rising aspirations for education, home ownership, and entrepreneurship. 

Boosting Domestic Manufacturing

PM Modi reiterated the importance of strengthening India’s manufacturing base, called on industries to adopt indigenous technologies and reduce import dependence. PM asked nation to buy Made in India products to boost local manufacturing.

Prime Minister Narendra Modi’s address to the nation shares India’s economic and strategic roadmap. Empowering the neo middle class through GST reforms, PM Modi’s speech blended domestic upliftment with global assertiveness—sending a clear festive message: “Made in India, led by India.”