India announces major tax reforms amid tariff slump | India Abroad
In a significant move, the Government of India has announced major tax reforms aimed at boosting economic growth and easing the burden on businesses. The reforms come at a time when tariff collections have slumped due to slowing global trade and weaker domestic demand. Key measures include simplifying tax structures, offering relief to small and medium enterprises, and introducing digital compliance systems to ensure transparency. Economists believe these reforms will improve investor confidence, enhance competitiveness, and strengthen India’s position in global markets. The initiative reflects the government’s commitment to long-term economic stability.