GST cut on essentials: FMCG leaders hail ‘game-changing’ reform; prices may fall up to 10%

The GST Council’s decision to lower tax rates on essential goods and personal care items is set to boost domestic consumption and rural demand, benefiting the FMCG sector. Companies plan to pass on the benefits to consumers through increased grammage or reduced prices, potentially leading to an 8-10% price drop.