New Delhi, Aug. 18 -- The Indian stock market jumped over 1.5% on Monday, following the government's proposal for significant reforms to the complex goods and services tax (GST) system, along with favourable global indicators amid easing geopolitical tensions.

PM Modi declared that "next-generation GST reforms" are set to be introduced by Diwali (October 2025). Analysts believe that the proposed changes, intended to lessen the tax burden on families, are likely to enhance consumption demand and assist in the ongoing recovery of the sector.

Although specific details of the GST overhaul have not been revealed yet, it is anticipated to involve the simplification of GST rates for essential goods and frequently used items.

Reports suggest t...