Why Modi Is Turning to Tax Cuts to Offset US Tariff Hit to India

Why Modi Is Turning to Tax Cuts to Offset US Tariff Hit to India

India’s Prime Minister Narendra Modi is seeking to overhaul the country’s complex goods and services tax, in an attempt to boost domestic spending and cushion the economic blow of US tariffs.

India-US Tariff War: Modi's Brahmastra makes Trump's tariff ineffective, India will take a big leap

India-US Tariff War: As soon as the US announced heavy taxes on Indian goods, the Modi government took immediate action and announced a reduction in the Goods and Services Tax (GST) in Prime Minister Narendra Modi's speech from the Red Fort on August 15. This move will not only provide relief to the general public in the form of cheaper goods, but will also make it easier for businessmen to do business. This decision also surprised many governme…