India's PM Modi plans to significantly cut GST taxes on 175 products to boost consumption.

India's Prime Minister Narendra Modi plans to slash the Goods and Services Tax (GST) by at least 10 percentage points on nearly 175 products including shampoos, hybrid cars, and TVs. The aim is to boost domestic consumption and support local manufacturers. For instance, GST on items like toothpaste could drop from 18% to 5%, while electronics might see a reduction from 28% to 18%. The final details will be decided by the GST council on September 3-4.