Digital payment and consumer lending startups anticipate a boost in transactions this festive season following the government’s GST cuts on key consumption items. Commenting on the news, Accion Ventures’ Rahil Rangwala said: “The intent of the new tax rates is to boost domestic consumption and the rate reductions will definitely have a positive impact, but there are some major macro-economic concerns around global tariffs, which could create challenges to exports and will continue to create headwinds to the country’s growth; while the tax reform will definitely help MSMEs, I believe we still need to be cautious about growing sustainably.”
Read more in Economic Times.
