India, Sept. 4 -- India's biggest tax overhaul since 2017 is colliding with the steepest US tariffs on any nation. That's set to shape the country's GDP growth, its inflation trajectory and fiscal deficit for years to come.

In essence, GST reforms are a cushion to the blow that the Indian economy would take due to Trump's tariff tirades over purchase of Russian oil.

"The consumption boost in lieu of the GST rate rationalisation will more than neutralise any possible revenue impact," SBI Chief Economist Soumya Kanti Ghosh told Reuters. "The impact on fiscal deficit will be almost insignificant or even positive."

Ghosh had previously pointed out that GST reforms alone can add 60 basis points to India's GDP print over the next 12 months, ...