India, Sept. 6 -- With the introduction of recent GST reforms, Union finance minister Nirmala Sitharaman pulled off one of the most significant overhauls to India's tax regime in recent years. The major tax reforms, made for the first time since 2017, is set to stimulate the economy, especially through the possible adverse effects of the US tariffs.

Sitharaman, in an interview with Hindustan Times, said that the increased consumption may well help the government end the financial year with no impact on revenue due to the rationalisation in GST rates.

The minister also informed that her focus will now shift to ensuring the transmission of the rate cuts, which, while not being motivated by US tariffs, could help offset their impact.

Call...