India, known as the second-largest producer of vegetables and fruits in the world, after China, relies heavily on fertilisers to sustain its agricultural output. The 2025 GST reforms marks a significant step by the government to support farmers in agriculture and food production. These measures ensure ease in input costs and boost domestic competitiveness.
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The government’s focus on welfare in the education sector has taken the next move from exempting GST from school and university education to making learning materials affordable. The simplified GST structure consists of two tax slabs – 5% and 18%, along with a 40% demerit rate on sin, luxury, and demerit goods. The 2025 GST reforms were introduced to support students’ learning by reducing or exempting taxes on educational stationery products. Further, these Next Gen GST reforms also directly benefit cottage industries, artisans, MSMEs and supply chain stakeholders in the education sector.
In the recently introduced GST reforms, the government has shown great interest in farmers’ welfare and growth. With a vision of “Viksit Bharat 2047”, the Next Gen 2.0 GST reforms aim to support farmers and develop India into a global food basket. The reform also shared the load of manufacturers and small businesses, who received relief in production costs and addressed their problems with inverted duty structures.