Rs 2.4 lakh crore GST boost! Jefferies, Morgan Stanley decode impact on stocks, economy

Prime Minister Narendra Modi’s Independence Day GST reform announcement is seen as a game-changer, with brokerages projecting a Rs 2.4 lakh crore demand boost and a 50–70 bps lift to GDP growth. Expected around Diwali, the reforms, coupled with earlier income tax cuts, are set to fuel discretionary spending, with auto and consumption stocks poised to benefit most.

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