burnermore 2 minutes ago [dead] | parent | context | unvouch | favorite | on: India: A billion people have no real money to spen...
Indians who have huge spending potential are in huge numbers. They are just leaving India. High skilled Indians are leaving in large numbers due to the tax regime that India is. I think it was 2022 where we recorded the largest number of Indians surrendering Indian citizenship. It's like India prepares and grooms them and they just leave. And I dont blame them.
Every single damn thing can be traced back to tax we are burdened with irrespective of left/right govt in power.
We pay tax like first world countries but get services like poorest of the poor countries.
Corporates are levied high tax. And international corporates even more. The argument is to support Indian companies.
And almost every Indian company provide horrible services which is why Indians always prefer foreign products/services. Now with International companies levied hefty tax, they cut corners, increase prices. So in effect we pay more and always get bad experiences.
Just take BS4 to BS6 transition in automobiles. Vehicles with a larger width or something was added with luxury tax and many of companies moved to cut corners to stay in business. My car has provision and setup for ventilated seats but its switched off to cut corners.
We dont get any good electronic products cos high import costs. And companies which has released stuff always have limited options or pay higher price for the same setup than everyone in the world. IIRC Indians may the most for an Apple product in the world. I donno if things have changed after they moved production here. I dont think so.
We pay 15 years worth of road tax in advance and we still have to pay for toll plazas. And we have horrible roads.
Oh and we dont any high quality products we produce. Whether it is tea (assam, darjeeling), coffee, nuts like cashew nuts, fruits. We get 3rd, 4th or quality and everything in 1st quality is exported.
Automobiles as well. There are automobile factories which produce high quality stuff for EU in India and the same factories produce subpar thing for India.
I can go on and on. This govt changed some things for middle class in this budget. So lets see.