Key Announcements & Themes:

🧩 "Next-Generation Reform"

• PM Modi called the GST rate cuts a "next-generation reform", framing it as more than just tax reduction — it’s a "GST saving festival".

💰 Economic Impact

• Aimed at boosting consumption-driven growth.

• Expected to increase middle-class savings.

• Will benefit youth, reduce costs for consumers, and stimulate economic activity.

🏠 Everyday Relief

• Daily essentials, medicines, and insurance premiums to become cheaper.

• Described as a reform that will "touch every household".

🇮🇳 Self-Reliant India & Federalism

• Reform supports the goal of Atmanirbhar Bharat (self-reliant India).

• Emphasized that every state will be an equal partner in India's economic journey.

💼 Business Environment

• Simplifies tax structure by removing a “web of taxes and tolls.”

• Aims to ease business, increase investments, and spur industry, agriculture, and services.

📅 Special Campaign:

• “GST Bachat Utsav” (GST Savings Festival) begins Sept 22 to raise awareness and drive savings.

🔍 Contextual Note:

• Modi’s address came a day after US President Trump hiked H-1B visa fees to $100,000, raising concerns for Indian IT professionals.

While opposition (Congress) urged Modi to address visa and India-Pakistan issues, his speech stayed focused on economic reforms