India expects consumption tax cuts announced by Prime Minister Narendra Modi will give a boost to the economy without hurting the government’s fiscal deficit, helping to offset the fallout from higher U.S. tariffs. https://www.japantimes.co.jp/business/2025/08/18/economy/modi-india-tax-cuts-us-tariffs/?utm_medium=Social&utm_source=mastodon #business #economy #india #narendramodi #taxes #us #donaldtrump #trade #tariffs