Lower GST rates to spur consumption and drive growth:  S&P Global - Business Standard

The lowered goods and services tax (GST) rates, income tax cuts and interest rate reductions are likely to make consumption a greater driver of India’s growth compared with investment in the current and next financial year, credit rating agency S&P Global said on Monday. “Lowered GST rates will support middle-class consumption and complement income tax cuts and interest rate reductions introdu…