Snapshots

A department store on Sept. 5, 2025, in Mumbai, after the Indian government slashed GST rates. While the government's tax changes will support growth by boosting disposable incomes and household consumption, they are likely only a short-term measure that threatens to strain some Indian states' budgets.

While the government's tax changes will support growth by boosting disposable incomes and household consumption, they are likely only a short-term measure that threatens to strain some Indian states' budgets.

India's GST Reforms Will Weigh on State Finances 

SNAPSHOTS

India's GST Reforms Will Weigh on State Finances

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