US tariffs: GST reform could soften the tariff blow; BMI GDP growth outlook, lowering forecasts to 5.8% for FY2025-26
Thursday, 28 August 2025 () India's proposed GST reforms aim to soften the impact of US tariffs and boost household spending, according to BMI. The government plans to lower tax rates on commonly used items, potentially offsetting the effects of 50% US tariffs. While GST is a major revenue source, the reform's fiscal impact is expected to be mild.
President Trump has imposed 50% punitive tariffs on India, accusing New Delhi of “funding Russia’s war machine” through increased oil imports from Moscow. The move threatens $48.2 billion worth of Indian exports, with SBI warning of a 0.3–0.6% GDP hit. Prime Minister Narendra Modi has refused...
The India US Tariffs dispute deepens as Donald Trump announces a 25% duty on Indian imports, coupled with penalties over New Delhi’s continued oil and arms trade with Russia. While India has not..
Thursday, 28 August 2025 ()
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