New Delhi, Sep 25: GST 2.0 rate cuts provide direct relief to Delhi households in their everyday expenses and a multi-sector stimulus to the city’s economy as MSMEs, traders and the hospitality sector benefit due to higher demand, reduced costs of inputs and improved competitiveness.

From Karol Bagh’s automobile and apparel markets to Sadar Bazar and Khari Baoli’s wholesale trade, Chawri Bazar’s paper hub and the bustling lanes of Chandni Chowk, the impact will be widespread. At the same time, lower rates on mass-consumption goods and essential services will directly reduce costs for families across the state.

Delhi is a major hub for automotive components trading. Areas like Karol Bagh and Kashmere Gate are famous for their wholesale and retail markets. These family-run businesses and

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