Reduction of GST to 18% to cut prices in same proportion: Ki Wan Kim, LG India
  • WebDesk BTVI
  • Jun 12 2019

White goods companies face roadblock as dark slowdown clouds loom over the consumption space. Ki Wan Kim, MD, LG Electronics India, talks about his expectations from the government regarding GST rate cuts, saying consumption slowdown has affected LG India's sales and reduction of GST from 28% to 18% will reduce prices for consumer in same proportion. He also says the company plans to launch 4-5 products in Indian market.