SINGAPORE — India has introduced sweeping reforms to its notoriously complex consumption taxes that are likely to make food, small cars and insurance cheaper, in a measure the government hopes will spur consumption and benefit ordinary people.
Move to two-tier system could partially offset hit from US tariffs
India’s current four-tier goods and services tax system will make way for two main tiers, starting Sept. 22. © Reuters
SAYAN CHAKRABORTY
September 4, 2025 15:07 JST
Updated on September 4, 2025 19:14 JST
