New Delhi, Dec. 23 -- India's tax reforms under GST 2.0 played a key role in supporting domestic consumption and economic growth in 2025, helping offset the impact of global trade disruptions, according to a report by Rubix Data Sciences.

The reforms, implemented at the end of September 2025, simplified the indirect tax regime by reducing five GST slabs into two principal rates, 5% for essentials and 18% for most goods and services, lowering compliance costs and improving business efficiency.

The report, titled, The Year That Tested Trade: How India Fared in 2025, notes that the timing of the reform proved critical as India navigated a challenging external environment marked by higher tariffs, geopolitical tensions, shipping disruptions...