GST 2.0 reforms expected to lower inflation by up to 75 bps, boost consumption by Rs 1 lakh crore: Report
India’s GST reforms could trim headline inflation by as much as 75 basis points and unlock up to Rs 1 lakh crore in consumption spending, a report has said. “The overall impact on CPI is expected to be around 55-75bps. Thus we revise downward our current estimate of headline CPI to 3.1 per cent from…