GST rates will be further reduced: Modi India will no longer accept being dependent on any country.
On Thursday, Prime Minister Narendra Modi inaugurated the UP International Trade Show in Greater Noida. On this occasion, the Chief Minister presented a statue of Goddess Durga.
Prime Minister Narendra Modi said that the country is proudly celebrating a festival of savings today. We are not going to stop here; reforms in Goods and Services Tax (GST) will continue. We will strengthen the economy further.
As the economy grows stronger, the burden of taxes will gradually decrease.
Prime Minister Modi said these words while inaugurating the third edition of the UP International Trade Show at Expo Mart in Greater Noida.
During this event, UP Chief Minister Yogi Adityanath was also present. In his address, the Prime Minister spoke about GST reforms and “Make in India.” He praised the policies of Uttar Pradesh and targeted the opposition parties.
Modi said that GST was introduced in 2017, and now GST rates have been reduced. With economic strength, the process of GST reform will continue.
He stated that the amendments to GST have resulted in savings of more than ₹2.5 lakh crore for the country’s people.
Everything necessary is available in India: The Prime Minister said that, along with political stability, India also has a skilled young population.
No other country has these factors together, while India possesses everything needed for investment. If any company wants to grow, India and UP are the most attractive investment destinations.
Provide a strong business model.ls
Modi said, “Create business models that strengthen self-reliant India. There is no greater compulsion than being dependent on others. In today’s changing world, the more dependent a country is, the more its development will be affected.”
Strengthening the partnership with Russia
The Prime Minister said that India is further strengthening its time-tested partnership with Russia. He mentioned defense cooperation in the production of AK-203 rifles and BrahMos missiles with Moscow.
He said that this time, Russia is the partner country of the trade fair. This means that through this trade fair, we are working to further strengthen a long-tested partnership.
From chip to ship, India will be self-reliant.t
Modi said that India is moving towards the goal of becoming a developed nation by 2047. The resolution is a self-reliant India.
He emphasized that nothing is more limiting than being dependent on others. In today’s changing world, the more a country depends on others, the more its growth will be hindered.
Therefore, India will no longer accept dependence on anyone. We will manufacture any products we can create. We want to build everything—from chip to ship.
Five Key Points
● Along with economic strength, the process of GST reforms will continue.
● Dependence is not acceptable. We want to build everything from chip to ship.
● Everything necessary for investment is available in India.
● Today, the citizens of the country prefer to buy indigenous goods.
● Essential steps are being taken to invest in research for self-reliance.
In the past year, GST rates have been reduced, resulting in savings of ₹2.5 lakh crore.
Income up to ₹8 lakh has already been made tax-free by the government.
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