NK Singh: GST Cut A Victory For Common Man, Boosts Growth & Purchasing Power

15th Finance Commission Chairman NK Singh hailed the GST reforms as a landmark for India’s economy, calling the rate cut a “victory of the common man.” He said it has enlarged fiscal space, boosted purchasing power, improved ease of business, and provided relief to ordinary citizens while creating a better environment for investors. Highlighting India’s robust growth, Singh noted that GDP is projected at 6.8% this year, with per capita income rising above 6%—a rare achievement. He stressed that India’s unsaturated domestic market, coupled with prudent fiscal and monetary policies, can push growth toward 8% and sustain development momentum.