Mr. Saurav Ghosh, Co-founder of Jiraaf*.

‘The New Gen GST reforms mark a watershed moment for the Indian consumer. A reduced GST burden, when combined with existing income tax breaks, creates a bonanza like never before by enhancing disposable income. This is likely to spur demand in high-consumption sectors such as FMCG and automobiles, providing a direct boost to corporate earnings and market sentiment. At the same time, households will find themselves with more cash to allocate towards savings and financial products. This twin impact of higher consumption and rising investment flows could spur the market momentum, which has been sluggish for the past year. That being said, market direction will also depend on the geopolitical scenario, which is currently unstable. While the Indian consumer has been rewarded, the Indian equity investor might have to wait till the results materialize in the coming months.’