India Approves Tax Cuts on Hundreds of Goods, Including Small Cars, to Combat US Tariff Pressures

Published: Sep 4, 2025 13:26

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[India Approves Tax Cuts on Hundreds of Goods Including Small Cars] Two Indian government officials stated on September 3 that India has decided to reduce taxes on hundreds of goods, ranging from soap to small cars, to counter the economic pressure from US tariffs and stimulate domestic demand. The new Goods and Services Tax will take effect on September 22 and is expected to result in a tax revenue loss of approximately 477 billion rupees for the Indian government.

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