Group 1 - The Indian government has announced a reduction in the Goods and Services Tax (GST) on various consumer goods to stimulate domestic demand and counteract economic challenges posed by U.S. tariffs [1][2] - The GST structure will be simplified to two rates of 5% and 18%, down from the current four rates, addressing long-standing criticisms regarding its complexity [2] - Specific tax reductions include lowering the GST on daily consumer products like toothpaste and shampoo from 18% to 5%, and on small cars, air conditioners, and televisions from 28% to 18% [2] Group 2 - The tax cuts are expected to boost domestic consumption, with previous personal income tax cuts in February further supporting this trend [3] - Companies in the fast-moving consumer goods sector, such as Hindustan Unilever and Godrej Industries, as well as consumer electronics firms like Samsung, LG, and Sony, are anticipated to see significant revenue increases [3] - Automotive manufacturers, including Maruti, Toyota, and Suzuki, are also expected to benefit from the reduced GST rates [3]
印度大幅下调数百种商品消费税，以抵御特朗普关税冲击
Feng Huang Wang·2025-09-04 09:56