The recent GST overhaul has reduced the tax rates on an array of food items. (FMCG products on display at the Vashi APMC market in Mumbai. Photo source: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The landmark GST reforms should progressively result in a sustained positive impact through significant gains in ease of doing business, lower retail prices and strengthening of consumption growth drivers, the RBI stated in its monthly bulletin published on Wednesday.

Coupled with income tax relief for households and employment augmenting measures, the stage is set for a sustained pick-up in consumption demand in the second half of this fiscal, and potentially for a virtuous cycle of higher investments and stronger growth impulses, overcoming persistent global u

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