We will show them what a ‘dead economy’ looks like – Sridhar Vembu on GST Reforms

Zoho’s Sridhar Vembu hit back at Donald Trump’s remarks on India’s economy, declaring, “We will show them what a ‘dead economy’ looks like.” His September 4, 2025, post backed Nirmala Sitharaman’s GST reforms effective Sept 22 simplifying taxes to 5% and 18%, while levying 40% on luxury goods. Vembu hailed the mix as pro-growth. Kotak AMC’s Nilesh Shah called it “ek teer kai nishaan”, easing inflation and business. Experts see a 0.5% GDP boost despite U.S. tariffs.