India Cuts GST Rates on 23 Items Ahead of Election

The video discusses the Indian government's plan to reduce the number of tax slabs under the GST, aiming to boost economic growth ahead of the 2019 elections. The focus is on reducing the highest tax bracket and addressing fiscal challenges due to lower-than-expected GST collections. Key sectors like automobiles and cement are considered for tax cuts, but fiscal constraints pose challenges.

What is the government's plan regarding the number of tax slabs under the goods and services tax?

How much is the estimated cost to the exchequer due to the tax cuts mentioned?

What is the significance of the upcoming 2019 general elections in relation to the government's economic strategies?

What are the key items currently under consideration for tax cuts that could impact GDP growth?

What fiscal challenges is the government facing while trying to manage its finances?