August 18, 2025 1:22 PM
GST overhaul, policy easing to boost consumption, domestic demand in India: Morgan Stanley
A likely overhaul of Goods and Services Tax (GST) rates, coupled with support from other measures such as personal income tax cuts, monetary policy easing, signs of pickup in job growth and improving real wages, improves the outlook for consumption and domestic demand in India, a Morgan Stanley report said on Monday. The proposed new GST regime will likely have meaningful impact on growth, fiscal balance and Consumer Price Index (CPI) inflation, with implications for monetary policy. In the ne...