More Rate Cuts Incoming, GST Slabs Simplification—Major Economic Changes In August

India faces key economic decisions in August: RBI may cut rates amid low inflation; GST Council plans to revise tax slabs and compensation cess; stalled India-US trade talks risk 26 percent tariffs from August 1; exports slow, but inflation falls to a six-year low, with strong growth forecast for 2025–26.
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