GST Reforms Turn Saviour, Cushioning India From 50% Tariff Blow, Bolstering Indian Economy To Grow Unscathed At 6.6%

Contributing sentiments towards policy:

60% : For the medium term, they stressed that fiscal buffers should be replenished by focusing on domestic revenue mobilisation, while also raising the efficiency of expenditure, including through a more targeted social safety net.
54% : New York/Washington: India's economy is estimated to grow at 6.6 per cent in 2025-26, the International Monetary Fund said, noting that the Goods and Services Tax reforms are likely to help cushion the country from the adverse impact of the 50 per cent tariffs imposed by the US."India's economy has continued to perform well.
51% : While welcoming the recent simplification of the GST, they called for careful monitoring of the fiscal impact of the reduction in GST and personal income tax rates.The Directors also recommended that tariff relief measures should be targeted, transparent, and time-bound, and that the pace of fiscal consolidation in FY2026/27 should be conditional on the impact of tariffs on the output gap.

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