For value retail players such as Tata Group's Zudio, Reliance Trends and Vishal Mega Mart, the fes-tive season just got bigger.
come can With apparel and foot-wear priced up to Rs 2,500 now being moved to the 15% slab, lower and mid-in-shoppers splurge more on fashion.
"We will see a big improvement in demand ducts such as t-shirts, casual shirts, e-trousers and denims priced between Rs 1,500 and Rs 2,500," said Amit Agarwal, group CFO at Raymond.
The move is expected to boost festive sales, drive growth across offline and online channels, providing mo-d mentum to the apparel sector, said Akhil Jain, CEO & MD at Madame.
GST Rejig: Boost consumption..Fire domestic cylinder (MOST TRANSFORMATIVE STPE SINCE IMPLEMENTATION OF GST)
Every economic theory supports it: Reset
For value retail players such as Tata Group's Zudio, Reliance Trends and Vishal Mega Mart, the festive season just got bigger.
come can With apparel and foot-wear priced up to Rs. 2,500/- now being moved to the 15% slab, lower and mid-in-shoppers splurge more on fashion.
Fashion Guru
"We will see a big improvement in demand ducts such as t-shirts, casual shirts, e-trousers and denims priced between Rs 1,500/- and Rs 2,500/-," said Amit Agarwal, group CFO at Raymond.
The move is expected to boost festive sales, drive growth across offline and online channels, providing momentum to the apparel sector, said Akhil Jain, CEO & MD at Madame.
Kicker: A big leg up to economy
E-tailer Flipkart is timing its annual festive sales with the onset of Navratri (Sept 23 with early access for members from Sept 22) which otherwise used to start before that, seller sources indicated. Arch-rival Amazon is likely to follow suit.
"Once the GST reforms are in place, the industry expects at least 15%-20% surge in festive e-commerce sales, especially for electronics and quick commerce categories," said Paresh Parekh, partner and national leader for tax, consumer products and retail sector, EY India. Paragon Foot-wear said the middle class can now better afford quality products.
The industry has however insisted that taxing products which cost above Rs 2,500/- higher at 18% will impact categories such as wedding apparel and winter wear.
CREDITS: This is automated information generated from the internet and has not been reviewed & edited by us (Source: TOI Edition Dated 05-08-2025).
GST Reforms 2025: Structural reform leading to simplification, rationalisation, in some sense ease of doing business should prompt better compliance, inclusive growth, giving economy a breathing room amid global business uncertainty giving a big relief for common man. Win win for all.
Nitin Nolakha, the Joint Managing Director and a key executive of Nitin Spinners Ltd allude today morning that," GST may not give extra/incremental margins to the industry although cash flows will improve and balance sheets to improve our group exposure being yarn n fabric supplier our direct + indirect exposure to the US is less than 10% but broadly the industry is hit hard out out of US tariffs as competition is also exploitatively making best out of given situation knowing that India is in a disadvantageous position whilst UK is India's 3rd largest export market for Indian textile exports and shall provide breathing room as time goes by".
Ganatra, The Cotton Association of India (CAI) starting by saying earlier today," We welcome GST rejig decision to be a welcome decision as it was long in the making our longstanding demands one that demand side relief by waiving off import duty on cotton imports until December 31, 2025.
Followed by rate cut in CCI prices by 5% rate is also supportive and still given strong stock base we see elbow room for further reduction in prices but what has roiled India's textile exports is steep US tariffs given we we have total textile exports from India to the tune of 40Bn$ or thereabouts where as per some estimates around 11bn$ or so is direct exports to the US leading to softening of yarn export prices forcing the cotton spinners to look beyond cotton/diversify/de-risking by shifting to MMF and I see 5-7% shift this year itself (50% US tariff is nothing short of moratorium) in fact, US buyers in our private discussion we have come to know are started to ask for 30-35% discounts which is meaningless as textile export highly competitive prices hardly leave any further scope of discounts/re-negotiations any scope also understandably yarn prices in recent days have already come down by Rs. 15-17 and situation is far more precarious on the apparel side of business.
Read our latest issue
India and the US are complementary economies: India is a patient country
In recent interview Piyush Goyal alluded to," The US & INDIA relationship are most consequential and some remarks here and there cannot make any notable difference to the strategic relations between world's two largest and tall economies we will continue to engage with the US administration given there are shared greater interests both sides have towards each other and as it is H'ble PM Modi & H'ble President Trump in Feb., 2025 meeting made it very clear that by Fall/Nov., 2025 the US-India trade pact should materalise I have least doubt in my doubt around it; Moreover in the history of two great nations weeks, some months delay doesn't make any material difference present impasse is just a blip as these are multidimensional relationships as appropriately articulated by US Treasury Secretary Scott Bessant recently both the nations will come together".
CONTACT US 
