GST rate cut booster: Nilesh Shah, MD and Kotak Mahindra AMC, hailed the government’s goods and services tax (GST) booster, calling it a step in the right direction.
Nilesh Shah said that GST slab consolidation and rate rationalisation is “ek teer kai nishaan” as he believes it will tackle multiple problems at once, including helping offset the tariff impact from the levies of 50% imposed on India by the US President Donald Trump.
“The latest GST announcement lowers inflation, increases growth, boosts consumer sentiment, doesn’t disturb path of fiscal consolidation, improves ease of doing business and partially offers adverse effects of tariffs,” said Shah.
