New Delhi, Sep 25 (PTI) GST 2.0, which lowers food prices, will accelerate urban demand, drive up consumption, and help the industry and GDP grow, bringing a fundamental shift in the economy, Tata Consumer Products Ltd (TCPL) Managing Director & CEO Sunil D'Souza said on Thursday.
Terming it as a 'game changer', D'Souza said this will also encourage a shift from unbranded to branded food products, as the difference is only 5 per cent in some of those commodities now. This will also promote upgradation or consumers entering into new categories as it will leave extra money in the hands of the consumers.
This will drive up domestic consumption, which also means encouraging industries to scale and thereby become players on the world market, D'Souza told PTI on the sidelines of World Food Ind