To discipline excessive speculation by retail investors, the finance minister could have chosen a non-fiscal path
Next GST Council meeting likely after the Budget, with government sources flagging pan-India impact if any rate cut on air purifiers
With GST entering a consolidation phase in 2026, experts argue that fine-tuning through inverted duty structure correction, MSME compliance simplification and data-led enforcement will matter more than broad rate revisions
Rate rationalisation has boosted consumption, but revenue stress, compliance pain, and unresolved federal frictions show that India’s indirect tax reform is still a work in progress