Union Electronics Minister Ashwini Vaishnaw Projects ₹20 Lakh Crore Extra Consumption Following GST Reforms
The minister said that data from all retail chains shows there were 20-25 per cent more sales in comparison to last Navaratri and there are many such categories, like 85-inch TV where stocks were completely sold out.
Additional electronics consumption worth Rs 20 lakh crore is expected to take place this year due to GST reforms rolled out by the government last month. | X @komalsh14792183
New Delhi: Additional electronics consumption worth Rs 20 lakh crore is expected to take place this year due to GST reforms rolled out by the government last month, Union Electronics and IT Minister Ashwini Vaishnaw said on Saturday.
The minister said that data from all retail chains shows there were 20-25 per cent more sales in comparison to last Navaratri and there are many such categories, like 85-inch TV where stocks were completely sold out.
"The increase in demand for electronics goods is directly impacting electronics manufacturing. Electronics manufacturing is now growing at a double-digit CAGR. It is very likely that the consumption will increase more than 10 per cent this year, which means, there is a high possibility of Rs 20 lakh crore extra consumption compared to last year," Vaishnaw said.
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He was speaking at a joint press conference with Finance Minister Nirmala Sitharaman and Commerce and Industry Minister Piyush Goyal on savings due to GST reforms which came into effect from September 22, 2025.
(Except for the headline, this article has not been edited by FPJ's editorial team and auto-generated from an agency feed.)
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