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India Cuts Taxes on Consumer Goods to Boost Domestic Demand
ποΈ Big boost for consumers! India slashes taxes on hundreds of goods β from small cars π to air-conditioners βοΈ β to spark domestic demand and simplify GST into two slabs (5% & 18%). A move to strengthen local markets as exports face global headwinds.
In a major fiscal move aimed at energising domestic consumption, India has announced tax cuts on hundreds of consumer goods β including sma
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