New Delhi, Sept 3, 2025 (AFP) - India cuts consumption taxes after US tariff blow

NAMPA / AFP

2025-09-03

India on Wednesday slashed consumption taxes on everyday goods days after being hit with steep US tariffs, in a move analysts say is aimed at boosting demand. The Goods and Services Tax (GST) overhaul will simplify India's complex four-tier system into two slabs and cut levies across sectors -- in some cases by more than half -- announced Finance Minister Nirmala Sitharaman. The tax cut will make a whole range of key consumers items from soap bar......

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