GST 2.0 Brings Relief For Some, But Ludhiana’s Wool Industry Feels Left Out #NDTV
GST 2.0 Brings Relief For Some, But Ludhiana’s Wool Industry Feels Left Out
NDTV’s Gurpreet reports from Ludhiana, the textile hub known as the Manchester of India, amid the rollout of the GST 2.0 reforms. While the broader textile and footwear sectors have welcomed the shift to a 5% GST slab, woolen garment manufacturers are raising concerns. A local businessman expressed gratitude to PM Modi for broader GST relief, noting benefits for essential goods and daily-use items. However, he criticized the steep hike in GST on woolen garments – from 5% to 18% – calling it a blow to the middle class and winter wear industry, especially for products like jackets, sweaters, and coats that are basic necessities in colder regions.
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