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India reform set to slash taxes on 175 items by 10 percentage points: Sources
Khaleej Times
|September 02, 2025
India plans to cut consumption tax by at least 10 percentage points on nearly 175 products ranging from shampoos and hybrid cars to consumer electronics, two sources said, revealing new details of Prime Minister Narendra Modi's tax overhaul.
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The biggest reform of the goods and services tax system in nearly a decade comes amid strained trade ties with the US, with Modi making repeated calls for increased use of Indian products. Modi first flagged his reform plan last month on Independence Day when he said he would make daily products cheaper for people in the world's fifth largest economy.
This story is from the September 02, 2025 edition of Khaleej Times.
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