India to cut GST on hundreds of consumer goods ranging from ACs to small cars to boost local demand following steep US tariffs

NEW DELHI, September 4, 2025 (AP) India will cut GST (Goods and Services Tax) on hundreds of consumer goods ranging from air conditioners to small cars to bolster local consumption, its government said Wednesday, as New Delhi moves to cushion its economy from the blow of steep U.S. import tariffs. The announcement comes after U.S. President Donald Trump introduced new tariffs last month that threaten a chunk of New Delhis outbound shipments to its worlds biggest market. Finance Minister Nirmala Sitharaman told a news conference late Wednesday that the reduced goods and services tax have been approved by an