US tariffs: How govt aims to counter impact – from GST cuts to next-gen reforms

 India is preparing for 50% US tariffs starting August 27, prompting policy reforms and a push for ‘Made in India’ products. The government is restructuring GST, exploring export aid, and finalizing FTAs to counter the impact. Despite potential export challenges, economists remain confident in India’s economic growth, supported by strong domestic consumption and stable fundamentals. India is preparing for 50% US tariffs starting August 27, prompting policy reforms and a push for ‘Made in India’ products. The government is restructuring GST, exploring export aid, and finalizing FTAs to counter the impact. Despite potential export challenges, economists remain confident in India’s economic growth, supported by strong domestic consumption and stable fundamentals.