SDG 8: Decent Work & Economic Growth | SDG 9: Industry, Innovation & Infrastructure
Institutions: Ministry of Finance | GST Council | Government of Madhya Pradesh
The recent GST rate rationalisation is projected to unlock gains across Madhya Pradesh’s economy - from crafts to agriculture to industry. According to the factsheet:
Indore Namkeen hub (supporting ~3.5 lakh jobs) benefits from tax cut, making products 6–7% cheaper.
Farm equipment and machinery now cost 7–13% less, aiding adoption by small and marginal farmers.
Traditional arts and crafts - Maheshwari sarees, Gond paintings, terracotta, bamboo, brassware - gain 6–10% relief.
Building materials like cement and sandstone see 8–10% lower prices, stimulating the housing and infrastructure sectors.
These measures help ensure that both rural and urban economies in Madhya Pradesh benefit: boosting demand for local handicrafts, easing input costs for farmers, and accelerating construction. The state is positioned to better integrate with national supply chains under lower tax burdens.
Relevant Question for Policy Stakeholders: How can MP translate these rate cuts into long-term investment in logistics, skill upgradation and market linkages so gains are sustained?
Follow the full factsheet here: PIB – Madhya Pradesh