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The sweeping GST rate reductions announced this week will bolster consumer spending and benefit sectors such as footwear, quick-service restaurants (QSRs), FMCG, and grocery retail, according to Global financial consultancy Bernstein. In a report, Bernstein flagged a notable shift: the reduction of GST on personal care and household products — including soaps, shampoo, hair oil, powder and toothpaste — from …
Read More »GST overhaul to boost consumer spending; FMCG, footwear QSRs, grocery sector to gain: Report – The Times of India
