| Key Topic | Details |
|---|---|
| Event | Next-Generation GST Reforms and GST Bachat Utsav launched by PM Narendra Modi on 21 September 2025. |
| Special Mention | Neo-Middle Class: Term refers to individuals who have recently moved out of poverty but are yet to reach traditional middle-class status. |
| Population | Nearly 25 crore Indians have overcome poverty in the last eleven years, forming the Neo-Middle Class. |
| Characteristics | - Positioned between lower-income groups and traditional middle class. |
| - Aspirational with dreams of better education, healthcare, and lifestyle. | |
| - Plays a role in bridging rural and urban economies. | |
| Economic Impact | Rising demand for housing, electronics, education, healthcare, and transport shaping India's consumption-driven growth. |
| Government Reforms | - Income up to ₹12 lakh made tax-free in the Union Budget. |
| - GST reforms reduce burden on daily essentials, with most items now falling under the 5% tax slab. | |
| Significance | - Emerging as a powerful force in India's economy. |
| - Supports consumer trends, workforce expansion, entrepreneurship, and the Made in India movement. | |
| - Crucial indicator of progress for policymakers. |
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