What's the impact of India's tax cuts?

印度减税的影响是什么?

World Business Report

2025-09-05

26 分钟
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The Indian government has announced massive tax cuts on items ranging from snacks and biscuits to electronic products and cars. But how will it affect the world's fastest growing major economy, and the businesses operating there? In the wake of Giorgio Armani's death at 91, Hannah Mullane speaks to author and writer Pauline Brown about what this could mean for his business empire worth more than US$7billion. Elsewhere, we discuss why Nigeria's banned the export of Shea butter nuts - which are used to make beauty products around the world - in a bid to make the trade more lucrative, while some exporters are worried it could have the opposite effect. And does a 4am morning routine make you more successful? The latest business and finance news from around the world, on the BBC.
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  • Hello and welcome to World Business Report from the BBC World Service.

  • I'm Hannah Malane, coming up on today's programme.

  • As India announces massive tax cuts on things from snacks and biscuits to electronic products and cars,

  • we'll be looking at the impact this could have on the country's economy and the businesses that operate there.

  • We'll head to Nigeria as the country bans the export of shia butternuts used to make beauty products around the world in a bid to make more of them at home.

  • Some exporters aren't happy though, we'll be finding out why.

  • And how would you feel about a 4am wake-up call?

  • When you carve out that time in the morning,

  • you kind of pay yourself first and so now I can move into my work with flow and focus and I just feel

  • like I am the best version of myself.

  • Does getting up early make you feel more productive?

  • First though, to India,

  • where the government has announced massive tax cuts on many everyday products in a dramatic reorganisation of its goods and services taxes.

  • Indian consumers will now be paying considerably less for things like biscuits,

  • popcorn, soap and even cars.

  • The government wants to boost growth in the country's economy that's been hit hard by US tariffs on exports and has the next election in its sights.

  • The BBC's Davina Gupta has been following this closely in Delhi for us and talked me through the changes.

  • Well, this is the most sweeping tax overhaul that India has seen in years.

  • And it's trying to simplify what used to be a complicated and a multi-tiered system.

  • So we're talking about indirect taxes,