India, Sept. 11 -- In a move that could redefine India's economic landscape, Finance Minister Nirmala Sitharaman announced what she called Goods and Services Tax (GST) 2.0, a sweeping reform package that is dubbed "far more than a routine tax reform."

It is a carefully planned and well-thought-out financial move designed to strengthen the country's economy against the growing worldwide trend of protectionism. India has chosen to be self-reliant, not by retaliating against other countries, but by strengthening its biggest asset: its massive domestic market. Tariffs and punitive duties make trade harder. This reform package, which is being sold as a citizen-centered evolution, is a smart way to deal with global problems, especially the Tru...