India’s consumption is set for a boost. Morgan Stanley reports that GST reforms and income tax cuts will drive demand. The government plans a simplified GST system with fewer slabs. This could significantly impact growth, fiscal balance, and inflation. Experts predict a positive effect on growth. Consumption accounts for a large portion of India’s GDP. Post navigation US stocks today: Wall Street trades in red ahead of crucial week; Dow slips 60 points, Nasdaq down 0.11% FASTag annual pass: Over 5 lakh users sign up in 4 days; Tamil Nadu leads with maximum number of purchases
