GST revamp: FM Sitharaman says Rs 48,000 crore shortfall won't hit public finances; sees boost to GDP
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Finance Minister Nirmala Sitharaman is confident that increased consumption following GST rate cuts will offset the estimated revenue shortfall of Rs 48,000 crore. She anticipates the GST overhaul and strong Q1 GDP growth will boost the economy, potentially exceeding the projected 6.3–6.8% growth for FY26. The government aims to maintain its fiscal deficit target of 4.4% of GDP. What's Your Reaction?
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