India cuts consumption taxes to boost demand after Trump’s tariff blow | Business and Economy News

Analysts say the cuts in the Goods and Services Tax is aimed at boosting demand in the wake of 50 percent tariffs on Indian goods.

India has announced tax cuts on hundreds of consumer items ranging from soaps to small cars to spur domestic demand in the face of economic headwinds from punishing tariffs imposed by US President Donald Trump.

The measures come as the 50 percent US tariffs took effect last month, raising fears of an economic slowdown.

The Goods and…