GST 2.0: The Shift Toward Behavioral Nudges in Tax Policy
The Indian government is currently exploring a restructuring of the Goods and Services Tax (GST) framework, colloquially termed ‘GST 2.0,’ which intends to utilize behavioral economics to influence consumer choices. By recalibrating tax slabs on items ranging from high-energy packaged foods to energy-efficient air conditioners, policymakers aim to nudge citizens toward healthier and more sustainable…