GST 2.0 Explained: What Gets Cheaper for You Under India’s Biggest Tax Reform

GST 2.0 Explained: India has rolled out GST 2.0, the biggest overhaul of its Goods and Services Tax since 2017. The reforms slash tax rates on essentials, food, medicines, cars, electronics, education supplies, personal care items, and even lifestyle services like gyms and salons. Cement and farm machinery also get cheaper, while travel and insurance see significant cuts. Finance Minister Nirmala Sitharaman says the reforms could add ₹2 lakh crore to the economy. In this video, we explain what gets cheaper, how it impacts your daily expenses, and what it means for businesses, households, and India’s growth story.