GST revamp: India's new regime to lift demand, consumption - here's what Morgan Stanley says
Monday, 18 August 2025 () India's consumption is set for a boost. Morgan Stanley reports that GST reforms and income tax cuts will drive demand. The government plans a simplified GST system with fewer slabs. This could significantly impact growth, fiscal balance, and inflation. Experts predict a positive effect on growth. Consumption accounts for a large portion of India's GDP.
The central government is likely to conduct a major overhaul of GST, a major source of indirect tax rates. Morgan Stanley, in a report dated August 17, said this... Zee News
Monday, 18 August 2025 ()
