Authors : Abhishek Gopal Satpute; Pralhad Rathod

Volume/Issue : Volume 11 - 2026, Issue 10 - October

Google Scholar : https://tinyurl.com/4c2wdrp4

DOI : https://doi.org/10.38124/ijisrt/26Oct599

Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.

Abstract : This study examines the socio-economic impacts of India’s Goods and Services Tax (GST) reforms, with a focus on the post-2021 period and their alignment with the Viksit Bharat 2047 vision. Using secondary data from the Reserve Bank of India, the GST Council, and the Ministry of Statistics and Programme Implementation, the study employs descriptive and trend analysis to evaluate the relationship of these reforms with GDP growth, inflationary trends, and consumer behaviour. The manuscript argues that GST reforms have enhanced digital compliance and tax administration, supported post-pandemic recovery, and stabilized revenue collections. Although inflation continues to be influenced by broader macroeconomic factors, the enhanced GST framework is described as reducing tax cascading and improving cost transparency. The study considers these reforms important for economic formalization and inclusive growth, and discusses their relevance to India’s long-term development goals and macroeconomic stability.

Keywords : Economic Growth; Consumption; Inflation; GST Reforms 2.0; Viksit Bharat 2047; Socio-Economic Impact; Tax Compliance in India.

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