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India’s new GST 2.0, unveiled by Finance Minister Nirmala Sitharaman as a major stimulus, cuts slabs and scraps the 28% rate to spur demand but former Chief Economic Adviser Arvind Subramanian tells The Federal the reforms won’t fix deep structural flaws. He warns revenue losses could far exceed the government’s ₹48,000 crore estimate, straining FY26 fiscal math, while weak investment, enforcement gaps and Centre–state mistrust mean any growth boost will be short-lived. #GST #NirmalaSitharaman #ArvindSubramanian #Economy #GDP #Inflation #India #China #NarendraModi #ArunJaitley #Tax #MSME ▶For the latest news and analysis - https://thefederal.com/ ▶RSS Feed - https://thefederal.com/google_feeds.xml ▶For more explainers, and interesting videos - https://thefederal.com/category/videos ▶To watch The Federal's shows listed together for your easy access, click here: • The Federal Programmes Follow The Federal News here - ▶Website: https://thefederal.com/ ▶Facebook: / thefederal.india ▶X: twitter.com/TheFederal_News ▶Instagram: / thefederal_india ▶LinkedIn: / thefederal ▶Whatsapp channel: https://www.whatsapp.com/channel/0029... ▶Threads: TheFederal India (@thefederal_india) ▶Spotify: https://open.spotify.com/show/3fy3utP... #TheFederal #India #BreakingNews #LatestNews #News #Delhi #Mumbai #Parliament #NarendraModi #RahulGandhi #Politics #Business #Economy Download The Federal App here - ▶Android - http://bit.ly/3DJSkiu ▶iPhone - http://bit.ly/TheFederalios