Are GST cuts really a big deal? | Impact on Indian economy | Who pays for the cuts?
Автор: The Bond Economist - by Dr. Aurodeep Nandi
Загружено: 2025-09-09
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PM Modi announced a massive overhaul of India’s GST framework - removing the tax slabs of 12% and 28%, leaving the new rates as 0%, 5%, 18% and 40%. GST on hundreds of items have been reduced in this cull. In the 89th episode of @thebondeconomist, we get in-depth into what this actually means for the Indian economy. We cover:
👉 GST Council’s decision & Centre vs States politics
👉 Which goods & services have gotten cheaper, and what's more expensive?
👉 Inverted duty structures and why GST rates matter?
👉 The hidden costs of lost input tax credit
👉 Impact on India's inflation
👉 Impact on India's growth
👉 Impact on India's fiscal mathematics
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Note: The information provided in this presentation are my personal views and should not be construed as the views or advice of my employer. My employer is not responsible in any manner and does not assume any liability or responsibility on your reliance with respect to the information stated here.
Chapters:
0:00 GST 2.0 reforms launched
6:03 Changes to GST
9:07 The inverted duty structure paradox
11:30 The input tax credit paradox
13:46 Can GST cuts revive growth?
20:05 Revenue sacrifice by government
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