GST rate on millet-based products slashed from 18% to 5%


Reducing the Goods and Services Tax (GST) rate on millet-based products from 18% to 5% can have several positive impacts on consumers:

1. Affordability: Lowering the GST rate on millet-based products makes them more affordable. Millets are a nutritious and sustainable source of food, and reducing the tax burden on them can encourage more people to include them in their diets.

2. Health Benefits: Millets are rich in nutrients, and dietary fibre, and are gluten-free. With a lower GST rate, consumers are more likely to opt for millet-based products, which can contribute to improved overall health.

3. Dietary Diversification: Lower taxes can motivate consumers to diversify their diets by incorporating millet-based products. This can lead to a more balanced and varied diet, potentially reducing the risk of diet-related health issues.

4. Environmental Impact: Millets are drought-resistant and require less water and land than other crops. Encouraging their consumption through reduced taxes can promote sustainable agricultural practices and reduce the environmental impact of food production.

5. Support for Farmers: A boost in demand for millet-based products can benefit farmers who grow millet. This can help enhance their livelihoods and incentivize the cultivation of millets, contributing to agricultural diversity.

6. Rural Development: Millet farming is often associated with rural areas. Increased demand for millet can lead to rural development by creating millet cultivation, processing, and marketing job opportunities.

7. Reduced Dependence on Processed Foods: Millet-based products are generally considered healthier alternatives to heavily processed foods. Lowering the GST rate on these products can encourage consumers to shift away from processed foods, which can lead to improved overall dietary habits.

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