The nutraceuticals industry is one of the biggest beneficiaries of the transformational changes in GST announced yesterday, said Union Minister of Commerce and Industry, Piyush Goyal, while addressing the Bharat Nutraverse Expo 2025 today.
“The reduction in GST rates will provide a tremendous and unprecedented boost to consumption demand”, the Minister said. He noted that the industry can now aspire for a much greater volume of sales, creating a win-win situation for all. He further emphasized that businesses will gain from larger opportunities, while the entire GST benefit will be passed on to consumers.
Goyal said that a fit and healthy India, supported by the nutraceuticals sector in a big way and by healthy food products, is key to India’s growth. He noted that the sector is not only helping farmers and supporting micro, small and medium enterprises, but is also contributing to every Indian’s healthcare. He highlighted the immense contribution of turmeric to health, the powerful benefits of ginger, and the role of probiotics in providing young Indians with quality protein and nutrition.
The Minister said that Prime Minister Narendra Modi is committed to ensuring that every citizen enjoys a good quality of life and healthy living, supported by both preventive and curative healthcare of the highest order. He added that this vision is closely linked with providing the best of education and opportunities so that every Indian can lead a dignified, secure, and prosperous life.
The Minister thanked Prime Minister Narendra Modi for the festival gift given to the country. He noted that the Prime Minister announced on 15th August that there is going to be a major overall and good news on the GST front. He remarked that no one had expected such a wide range of products, goods and services to benefit from the transformational reforms announced yesterday.
Goyal urged the industry to ensure that every rupee saved through the GST reduction is passed on to consumers. He emphasised that under the new structure, GST on several categories has been reduced to as low as 5 percent, resulting in substantial savings across the sector. He noted that this will act as a strong demand booster, as lower prices naturally drive higher consumption and accelerate industry growth.
The Minister urged the industry to make a strong twin commitment to the Prime Minister—first, to pass on every rupee of savings from the GST reduction to consumers, and second, to actively promote Indian products. He stressed the need to support products made with the sweat and toil of hardworking Indians, products nurtured in the soil of India. He emphasized that when such products reach every corner of the nation, they embody not only economic value but also national pride and self-reliance.
Goyal said that a fit and healthy India, supported by the nutraceuticals sector in a big way and by healthy food products, is key to India’s growth. He noted that the sector is not only helping farmers and supporting micro, small and medium enterprises, but is also contributing to every Indian’s healthcare. He highlighted the immense contribution of turmeric to health, the powerful benefits of ginger, and the role of probiotics in providing young Indians with quality protein and nutrition.
The Minister said that Prime Minister Narendra Modi is committed to ensuring that every citizen enjoys a good quality of life and healthy living, supported by both preventive and curative healthcare of the highest order. He added that this vision is closely linked with providing the best of education and opportunities so that every Indian can lead a dignified, secure, and prosperous life.
Goyal concluded with confidence that Bharat Nutraverse 2025 will mark the beginning of a great future for the industry and a significant contribution to India’s development journey.
