Today’s PM Modi Speech: Launches GST “Bachat Utsav” and Strengthens Aatmanirbhar Bharat During Navratri

Sep 21, 2025

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Prime Minister Narendra Modi addressed the nation today, unveiling transformative economic reforms aimed at boosting household savings, empowering the middle class, and promoting the vision of Aatmanirbhar Bharat. Coinciding with the first day of Navratri, the announcement marks a festive period of financial relief and increased economic opportunities for citizens across India.

GST Bachat Utsav: A Festival of Savings

PM Modi introduced a nationwide “GST Bachat Utsav”, describing it as a festival of savings for every Indian citizen. The Prime Minister highlighted that, starting from September 22, new GST rates would come into effect, reducing taxes on a wide range of essential goods and services. According to PM Modi, these reforms will make everyday items significantly more affordable for households, particularly benefiting the poor, neo-middle class, and middle class.

Key Highlights of GST Reform

Feature	Details
New GST Slabs	Only 5% and 18%, replacing the earlier four slabs, simplifying compliance and reducing tax burden.
Beneficiary Items	99% of essential goods, agricultural products, healthcare items, personal care, and daily essentials now taxed at 5%.
Luxury and Sin Goods	Tobacco products, aerated drinks, luxury vehicles, high-end motorcycles above 350cc, yachts, and helicopters remain at 40%.
Economic Impact	Increases disposable income, reduces household expenditure, and boosts domestic consumption.

Economic experts estimate that an average family earning Rs 50,000 monthly could save up to Rs 1,275 per month on essential items due to the GST rate reduction. This translates into a 2.55% increase in disposable income, enabling families to invest in aspirations such as education, household improvements, and personal development.

Strengthening the Middle Class and Neo-Middle Class

PM Modi emphasized the dual benefits of income tax exemptions and GST reductions. Over the last few years, approximately 25 crore individuals have risen from poverty, forming a neo-middle class that is actively participating in India’s growth story. By combining income tax relief with the GST reforms, the government aims to empower this segment, enabling them to fulfill their dreams and contribute to the economy.

“Now, the poor, neo-middle class, and middle class are receiving a double bonanza. With the reduction in GST, it will be easier for citizens to fulfill their dreams,” PM Modi stated.

Savings Potential for Households

Monthly Income	Spending on Essentials	GST Savings (approx.)	Increased Disposable Income
Rs 50,000	Rs 15,000	Rs 1,275	Rs 50,000 + Rs 1,275

The increased savings and spending power will stimulate domestic demand, acting as a buffer against global economic uncertainties. The reforms are expected to accelerate consumption, strengthen household budgets, and support long-term economic stability.

Promoting Aatmanirbhar Bharat and Swadeshi Products

PM Modi also called upon citizens to prioritize Made in India products, linking this to the historical Swadeshi movement. He urged state governments to actively support the Aatmanirbhar Bharat initiative by accelerating manufacturing activities, attracting investments, and fostering a business-friendly environment.

“Just as the mantra of ‘Swadeshi’ empowered India’s freedom, the same mantra will strengthen the country’s prosperity. Let us choose to buy goods that are Made in India, products that reflect the hard work of our nation’s youth,” said PM Modi.

This push aims to create a robust ecosystem of local production, reduce dependency on imports, and strengthen domestic industries, especially MSMEs.

Historical Context of GST

Before GST, India’s indirect tax system was complex and fragmented, including octroi, entry tax, sales tax, excise, VAT, and service tax, creating hurdles for businesses and increasing consumer costs. PM Modi highlighted how the GST reform, introduced in 2017, realized the dream of ‘One Nation, One Tax’, simplifying compliance and promoting seamless trade across states.

Impact on Businesses

Business Segment	Benefit
MSMEs & Small Retailers	Simplified tax rates reduce compliance burden and operational complexity.
Large Industries	Reduced disputes and simplified classification of goods.
Consumers	Direct transfer of savings through reduced product prices.

Experts emphasized that the government’s approach of not imposing strict anti-profiteering measures reflects trust in businesses to pass on benefits to end consumers, promoting accountability and fairness in the market.

Festival Message and Economic Outlook

PM Modi extended greetings on Mahalaya, marking the start of Durga Puja, while connecting cultural celebrations with economic reforms. He described the GST reforms as part of a continuous process of economic modernization, designed to meet the current and future needs of the country.

“Next-generation GST reforms will accelerate India’s growth story, simplify business, attract investment, and make every state an equal partner in the race for development,” PM Modi said.

The Prime Minister reiterated that these measures will not only enhance household savings but also strengthen India’s overall economic resilience, fostering a culture of responsible consumption and production.

Conclusion

The launch of the GST Bachat Utsav during Navratri represents a landmark step in India’s journey toward economic empowerment and self-reliance. By combining tax relief, increased household savings, and a push for local manufacturing, the government aims to create a win-win situation for consumers, businesses, and the nation. Citizens are encouraged to embrace these reforms, support Made in India products, and participate in the festival of savings.

Disclaimer: This article is for informational purposes only. Readers should verify official announcements and consult financial advisors for personal or business decisions related to GST and taxation.