GST reform likely by September, set to lift sentiment and festive consumption, says Bay Capital CIO
August 31st, 2025
GST rationalisation is likely to benefit domestic demand-driven businesses, particularly in consumer staples and discretionary segments, said Keyur Majmudar of Bay Capital Investments Advisors.
According to Keyur Majmudar, the Managing Partner & CIO at Bay Capital Investments Advisors, the GST reform will be finalised as early as September, well ahead of the festive season.
“This would provide a timely boost to sentiment and consumption,” he said in an interview to Moneycontrol.
In the second half of the year, he is of the view that the market focus is likely to shift from headline tariff news to the impact of these reforms on domestic demand. “Ultimately, corporate earnings will have to materialise to ensure the market is able to head higher than where we are today,” he said.
Excerpts from the interview have been covered here on the Money Control website :-
Posted by Keyur Majmudar, Managing Partner
