India's consumer tax overhaul could offset U.S. tariff pains
CNBC · New
CNBC
New
Indian markets surged Monday on news of a potential goods and services tax overhaul. James Thom of Aberdeen said he remains bullish on India’s structural outlook, noting the reform could revive weakening consumption and cushion the impact of high U.S. tariffs.
Breakdown
- India's GST reform is designed to boost domestic consumption.
- The auto sector has responded positively to the tax changes. 16s
- Analysts are optimistic about the reform's impact on consumption and GDP growth. 28s
- The GST changes may help offset negative effects from U.S. tariffs. 1m 37s
- India's economy is primarily driven by domestic consumption, with exports playing a smaller role. 2m 8s