How GST cuts and a young population are reviving India’s economy - theweek.in

Just ahead of this year’s Navratri, the Union government overhauled the goods and services tax regime. The automobile sector, which was struggling with low demand and unsold inventory, was the biggest gainer from the move, as the GST rate on small passenger cars—sub-four-metre models with engines up to 1,200cc—was slashed from 28 per cent (plus additional cess) to 18 per cent. The GST on two-wheel…