Are FMCG and durables set to gain? Venugopal Garre’s outlook on GST impact

Government’s proposed GST tweaks, along with earlier tax cuts and subsidies, are aimed at reviving consumption amid low inflation. Benefits are expected in small-ticket discretionary items, FMCG, durables like ACs, and select retail/QSRs, while premium goods may remain unaffected. Fiscal impact is seen as manageable, with short-term stock gains likely.