Opportune time to cut GST: CIO Gurmeet Chadha says India must act as US tariff heat rises
As the US imposes steep reciprocal tariffs on India, market experts are calling for urgent economic measures to shield domestic consumption and attract global capital. Gurmeet Chadha, Chief Investment Officer at wealth management firm Complete Circle, said this is an opportune moment for the government to act.
“Opportune time for govt to cut GST rates to boost domestic consumption,” said Gurmeet Chadha, Chief Investment Officer at wealth management firm Complete Circle, as India braces for the impact of the new US reciprocal tariffs. “Income tax cut with lower GST can insulate us and make India an attractive destination for global capital in bonds as well as equity,” he added.
He was responding to the recent announcement by US President Donald Trump, who unveiled a 27 per cent “discounted reciprocal tariff” on Indian goods. Trump, in a charged speech from the White House, claimed that India imposes 52 per cent levies on American products and said April 2 would be remembered as “Liberation Day” for the US economy.
Opportune time for govt to cut GST rates to boost domestic consumption
Income tax cut with lower GST can insulate us and make India an attractive destination for global capital in bonds as well as equity.
