Spreading the safety net farther and wider
Published on: Sept. 4, 2025, 11:01 p.m. | Source: The Economic Times
Waiving GST on health and life insurance premiums, though potentially regressive, could boost insurance penetration and reduce the state's social security burden. This move aims to address affordability issues, attract foreign investment, and stimulate domestic consumption amidst slowing growth. Ultimately, it seeks to improve insurance sector reforms and mitigate external volatility.
