GST Rate Cuts to Cost Exchequer Rs 1.43 Lakh Crore, US Tariffs Threaten Growth

Last updated: 23 August 2025

India could face a dual economic challenge as GST rate rationalisation and rising US tariffs threaten fiscal revenues and growth prospects, according to a recent HSBC report. The banking major estimates that a proposed rejig in GST slabs could cost the exchequer nearly Rs 1.43 lakh crore or 0.4% of

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Category GST   Report

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