 "Manufacturing Industry, tariffs, Trade exports")
India’s Goods and Services (GST) Tax Council, meeting on September 3, unveiled what was billed as the most radical simplification of the levy since its introduction in 2017. On September 22 the country will move to two broad slabs — 5 per cent and 18 per cent — with essentials such as foodgrains and fresh produce exempted, and hundreds of other goods shuffled into lower brackets. The changes followed Prime Minister Narendra Modi’s Independence Day promise of reform. Will these benefit the Indian consumer and the economy? Lower indirect taxes, in theory, should spur demand. And since, private final consumption
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