PM Modi Unveils Next-Gen GST Reforms And Rs 1 Lakh Crore Youth Employment Scheme In Independence Day Speech

On 15 August 2025, Prime Minister Narendra Modi addressed the nation from the historic Red Fort during the 79th Independence Day celebrations, unveiling two major initiatives aimed at economic reform and job creation. He announced that “next-generation GST reforms” will be introduced by Diwali 2025.

These reforms, he said, are designed to lower the tax burden on everyday goods, making essential products more affordable for citizens, while also providing substantial benefits to industries.

Referring to eight years of GST implementation, Modi described the changes as a “double Diwali” gift for the nation, signalling both consumer relief and business growth , ANI stated in X (Formerly known as Twitter)

In addition to tax reforms, the Prime Minister launched the Viksit Bharat Rozgar Yojana, a nationwide employment scheme focused on youth empowerment.

With an allocation of Rs 1 lakh crore, the programme will provide financial assistance of Rs 15,000 per month to eligible young beneficiaries.

The aim is to stimulate job creation, expand economic opportunities, and support skill development for the country’s growing workforce.

The announcements underline the government’s dual focus on sustaining economic progress and addressing employment challenges.

By coupling tax relief with direct employment support, the initiatives are positioned as complementary steps towards building a more prosperous and self-reliant India.