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Modi’s ‘double Diwali’: India bets on tax overhaul to blunt US tariff shock

Faced with punishing US tariffs, Indian Prime Minister Narendra Modi has sought to turn crisis into opportunity, unveiling a historic tax overhaul that he says will deliver a “double Diwali” for households and businesses alike. In a wide-ranging Independence Day address on August 15, Modi unveiled the most significant revamp of India’s Goods and Services Tax (GST) in a decade – pitched as both an economic stimulus and a political statement of resilience. It comes after US President Donald...


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