India’s GST reform is seen as credit positive for rated companies, stimulating consumption and easing growth risks amid US tariff pressure, according to Fitch Ratings.
The reform abolishes 12 per cent and 28 per cent bands, shifting most goods to lower rates.
While it may trim revenues by 0.2 per cent of GDP annually, the government is expected to manage spending.
The reform abolishes 12 per cent and 28 per cent bands, shifting most goods to lower rates.
While it may trim revenues by 0.2 per cent of GDP annually, the government is expected to manage spending.
