- India’s GST 2.0 cuts prices on food, electronics, and automobiles, benefiting Nepali consumers but worrying local businesses.
- Experts warn of increased smuggling and trade deficit due to cheaper Indian goods.
- Nepal may need to adjust taxes to counter illegal imports from India.
- Informal trade with India is already significant, complicating regulation efforts.
- Price reductions in India are seen across various sectors, including FMCG and automobiles.
Source: kathmandupost.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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