India has officially launched GST 2.0, reducing tax rates on over 375 everyday products including food and household essentials. The Finance Ministry has instructed businesses to pass on these savings to consumers, while GST officers are closely monitoring compliance. Prime Minister Modi has branded this initiative as the “GST Savings Festival,” promising lower prices for families and improved ease of doing business for companies. Beyond just price cuts, GST 2.0 aims to strengthen India’s federal economy by boosting consumption, increasing state revenues, and accelerating the country’s growth momentum.