The overview of Prime Minister Modi’s recent address during the 5 PM session on 21 Sep 2025. He announced significant projected savings of ₹2.5 lakh crore for the nation, elaborating on the overview of Prime Minister Modi’s recent address during the 5 PM session on 21 September 2025.
He discussed the complexities faced before GST’s implementation, such as the various forms and taxes involved, and the challenges that GST has effectively mitigated.
📌 GST reforms
👉👉 During this festive season, the advantages of GST reforms are evident. Notably, tax rates on a variety of products, including electronic items, toothbrushes, life insurance, clothing, and vehicles, have been reduced. For instance, air conditioners, washing machines, and scooters will now incur a reduced GST rate of 18%, down from the previous rate of 28%, which is expected to lower consumer prices.
👉👉 Modi emphasized the fulfillment of the “One Nation, One Tax” vision, asserting that many products will either be exempt from tax or will fall within two simplified tax slabs of 5% and 8%. A significant 99% of items previously subjected to a 12% GST will now attract a reduced rate of 5%. Furthermore, he highlighted that approximately 25 crore individuals have been lifted out of poverty, inviting opinions and discussions in the comments.
👉👉 He also introduced the concept of a ‘Neo Middle Class Family’, referring to the emerging middle class that will benefit from these tax reductions. Additionally, the GST on hotel accommodations has been lowered, which enhances affordability for travel.
👉👉 The anticipated budget allocation of ₹2.5 lakh crore promises substantial savings, especially if income tax and GST exemptions are implemented this year.
📌 Make in India
👉👉 Moreover, Modi presented a vision for increased sales among MSMEs, urging a focus on domestic production through the “Make in India” initiative. He made a notable reference to reducing reliance on foreign products, advocating for their replacement with indigenous alternatives.
This address highlights significant economic reforms aimed at fostering growth and improving the financial well-being of citizens.PM talks about everything, like made-in-India products, the GST reforms, One Nation, One Tax.
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