PM Modi promises more tax reforms, says GST and income tax changes to ease burden

Prime Minister Narendra Modi on Thursday promised to continue with the tax reforms after recent changes to the Goods and Services Tax (GST) and income tax rules, saying the burden on citizens will further ease as the economy gains more strength.

Addressing the inaugural session of the Uttar Pradesh International Trade Show 2025 in Greater Noida, Modi said the nation currently enjoys the “strong willpower for reforms” backed by democratic and political stability, along with policy predictability.

“Today, the country is proudly celebrating 'GST Bachat Utsav'. I want to tell you that we are not going to stop here. In 2017, we brought GST... and then again (brought reforms) in 2025. We will further strengthen the economy. As the economy continues to grow, the tax burden will continue to decrease,” he said.

“With the blessings of the citizens, the reforms in GST will continue.”

Earlier this month, the government introduced “next-generation” structural reforms in GST, which Modi said would give “new wings” to India’s growth story.

He said that by making income up to ₹12 lakh tax-free and implementing new GST reforms, citizens are set to save ₹2.5 lakh crore this year alone.

“The poor, new middle class and middle class have all benefited with higher savings (due to income tax benefits and GST reforms),” Modi said.

The prime minister asserted that the country is laying a strong foundation for its goal of becoming a developed nation by 2047.

"Despite global disruptions and uncertainty, India's growth remains attractive," he said, and added that disruptions do not divert India -- they reveal new directions.

Modi urged entrepreneurs, traders and innovators to design business models that strengthen domestic manufacturing.

“India must become self-reliant. Every product that can be made in India must be produced in India,” he said.

Modi said the government has eliminated over 40,000 compliances and decriminalised hundreds of rules to enhance ease of doing business.

He remarked that every Indian is now connected with swadeshi and wants to buy local products.

The sentiment of proudly saying "this is swadeshi" is being felt across the country, he asserted and called on traders to adopt this mantra and prioritise products that are made in India, he said.