New Delhi: For Sikkim, a small Himalayan state with stakes in pharmaceuticals, tourism, and organic food products, the GST 2.0 rate cuts will make these key sectors more cost-competitive, encouraging higher demand and wider market reach, the government said, adding that the reforms will strengthen local livelihoods, expand exports, and support the state’s economic growth.
The lower GST rates on hospitality and wellness services will benefit the tourism sector and support hospitality jobs, while the zero GST on cancer drugs and lower rates on medicines will boost pharma manufacturing and exports.
Specialty items like Temi tea and Dalle chilli produced in the state will also become more affordable, strengthening domestic and global market reach.
The tourism industry is essential for Sikki