From : Geo News
- Indian exporters warn of plunging orders and job losses.
- Modi proposes GST cuts reducing burden on consumers.
- US-India trade talks remain uncertain amid tariff deadline.
Indian Prime Minister Narendra Modi is aiming to reduce consumption taxes on everyday goods, which experts say could provide billions in annual relief and stimulate domestic demand. This move comes as India faces the threat of doubled U.S. import tariffs—from 25% to 50%—by President Donald Trump, in response to India’s continued oil purchases from Russia, which the U.S. says help fund Russia’s war in Ukraine.