Mr. Samir Jasuja, Founder & CEO, PropEquity, NSE-listed rreal estate data analytics firm:
The rationalisation of GST rates by the government is a welcome move towards reducing compliance and thereby ease of doing business in the country. The reduction in rates across a host of items will give a spur to consumption, savings and investment by households, in turn enabling them to reduce their EMI burdens. This coupled with falling home loan rates will bring the much-needed cheer in the upcoming festive season and beyond. The overall impact of this move will translate into higher GST collections, more government spending and higher economic growth.