Industry Leaders Welcome GST Reforms, Call Them a Game-Changer to Strengthen India’s Competitiveness
Industry leaders across healthcare, manufacturing, electronics, pharma, hospitality, and travel opine that the rationalization of tax slabs and targeted reductions across essential goods and services are being viewed as transformative measures that align with India’s growth priorities.
New Delhi, September 5: Industry leaders across healthcare, manufacturing, electronics, pharma, hospitality, and travel have lauded the Union government’s recent GST reforms, calling them a landmark step that will not only simplify compliance but also unlock affordability, spur demand, and strengthen India’s competitiveness. The rationalization of tax slabs and targeted reductions across essential goods and services are being viewed as transformative measures that align with India’s growth priorities.
Suneeta Reddy, Managing Director of Apollo Hospitals, said the reforms will make healthcare more affordable: “We welcome the rationalization of GST… The reduction in GST rates of life-saving and other drugs, and the standardization of GST for consumables are very positive steps both for the patient and for the sector. This will truly unlock access to high-quality healthcare for India.”
Rahul Garg, Founder & CEO of Moglix, hailed the simplified two-slab structure: “It will significantly ease doing business in India by lowering compliance burdens and rationalizing input costs… These reforms will streamline supply chains and improve cash flows, creating a smoother, faster, and more predictable growth journey for businesses across the country.”
Sheetal Arora, Promoter & CEO of Mankind Pharma, called it a structural shift in healthcare access: “By removing GST on lifesaving rare-disease and oncology therapies and reducing it on essential medicines and diagnostics, the government has signaled that affordability and innovation can go hand in hand.”
Ravi Agarwal, Co-Founder & Managing Director of Cellecor, said the reforms boost consumer electronics adoption: “The rationalization of GST rates to a uniform 18% on TVs, monitors, air conditioners, and dishwashers is a particularly positive move… For a fast-growing Indian brand like Cellecor, this encourages us to accelerate innovation in smart gadgets and energy-efficient products.”
Aditya Khemka, Managing Director of CP PLUS, emphasized its impact on surveillance infrastructure: “Rationalizing taxes on consumer electronics, critical components like silicon wafers, and logistics will help reduce the cost of hardware that powers modern surveillance infrastructure… For the surveillance industry, this creates an important opportunity to accelerate organized deployment and deliver safer, smarter communities across the country.”
Pankaj Rana, CEO of Hisense India, said affordability in home appliances will expand access: “By reducing price barriers, these reforms enable a larger and more diverse consumer base, especially in Tier-2 and Tier-3 cities, to access high-quality, energy-efficient products… This move makes our advanced range of TVs and appliances even more accessible ahead of the festive season.”
Liberatha Kallat, CMD of DreamFolks, welcomed the boost to travel and hospitality: “By reducing GST on hotel stays under ₹7,500 and ensuring affordability in economy air travel, the government has made travel more accessible, particularly for India’s growing middle class… Such reforms lay the foundation for a more inclusive, resilient, and future-ready ecosystem.”
Rajeev Singh, Managing Director of BenQ India, said electronics will benefit from reduced complexities: “By consolidating the tax slabs into a clear and predictable two-tier system, it reduces compliance complexities and fosters a more transparent business environment… The reduction of GST rates on monitors and projectors further eases costs for businesses and educational institutions, promoting wider adoption of digital technology.”
