GST 2.0: Cheaper clothes under ₹2,500 and a boost for India’s textile industry
India's textile industry is poised for significant growth following GST reforms effective September 2025. These changes address the inverted duty structure, reducing input costs for synthetic textiles and benefiting MSMEs. Lower taxes on affordable apparel are expected to boost domestic consumption, while exports of handicrafts gain competitiveness.
India's textile industry is poised for significant growth following GST reforms effective September 2025. These changes address the inverted duty structure, reducing input costs for synthetic textiles and benefiting MSMEs. Lower taxes on affordable apparel are expected to boost domestic consumption, while exports of handicrafts gain competitiveness.
