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Indian PM Modi's tax reform set to slash levies on shampoos, hybrid cars, TVs

  • India plans to reduce consumption tax by at least 10 percentage points on nearly 175 products, including shampoos and hybrid cars, according to two sources.
  • Prime Minister Narendra Modi's reform aims to lower the goods and services tax on items from 18% to 5%.
  • The GST council, led by Finance Minister Nirmala Sitharaman, is set to finalize the list of tax cuts on September 3-4, 2025.
  • The proposed reductions aim to boost domestic consumption and support farm incomes.
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Reuters broke the news in United Kingdom on Monday, September 1, 2025.
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