Automakers Hope New India PM Simplifies Tax System

Newswire

By Aradhana Aravindan MUMBAI, May 27 (Reuters) - Indian carmakers, battered by two years of slowing sales, hope the resounding election victory by India's new leader will spur replacement of the country's complex array of duties with a simple goods and services tax (GST). Investors, too, are rooting for this and many other reforms from Prime Minister Narendra Modi's government. Enacting a GST faces significant hurdles - including approval by the upper house of parliament, where ...

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