Business leaders have hailed the Centre’s landmark decision to rationalise Goods and Services Tax (GST) rates under the Next-Generation GST framework, calling it a transformative step for citizens and industries. While welcoming the reforms, Mahindra Group Chairman Anand Mahindra stressed the need for “more and faster reforms” to fully unleash India’s growth potential.
In a post on X, Mahindra invoked Swami Vivekananda’s exhortation to “arise, awake, and stop not till the goal is reached,” saying: “More and faster reforms are the surest way to unleash consumption and investment. Those, in turn, will expand the economy and amplify India’s voice in the world. So, more reforms, please…”
We have now joined the battle…
More and faster reforms are the surest way to unleash consumption and investment.
Those, in turn, will expand the economy and amplify India’s voice in the world.But let’s remember the famous exhortation of Swami Vivekananda:
“Arise, awake, and… https://t.co/rDoRtjsCw1— anand mahindra (@anandmahindra) September 3, 2025
The comments came after Finance Minister Nirmala Sitharaman announced sweeping cuts in GST on essential goods, automobiles, agricultural inputs, healthcare, and electronic appliances. The 56th GST Council meeting rationalised the tax structure into two slabs — 5% and 18% — by merging the 12% and 28% rates.
Mahindra & Mahindra’s Auto and Farm Sector CEO Rajesh Jejurikar said the changes would boost affordability across tractors, farm machinery, commercial vehicles, and SUVs, while also sustaining momentum in clean mobility through the continuation of the 5% GST rate on electric vehicles.
Group CEO and MD Anish Shah described the reforms as a “defining moment” for India’s tax ecosystem, emphasising their impact on essentials like food, health, agriculture, and small businesses. He said the move simplifies compliance, expands affordability, and strengthens confidence for future investments, aligning with the vision of a “citizen-centric, future-ready Bharat.”
RP-Sanjiv Goenka Group Chairman Sanjiv Goenka also endorsed the reforms, noting that they put citizens first by making essentials more affordable and giving fresh momentum to the economy.
The reforms, widely described as a “historic Diwali gift,” are expected to provide relief to households, spur job creation, and drive inclusive growth across key sectors, while reinforcing India’s progress toward Viksit Bharat @2047.