New IT structure deincentivizes savings. Government wants to go the US way - no incentive to save. Just spend to prop up the economy.

It was America's choice, Bill Clinton signed the death letter. It resulted in closure of 90000 factories in the US. They made the choice of not modernising their factories to higher automation by outsourcing to China with cheap manual labour. Just like rather than using their own oil reservoirs they built dependence on Saudis, and went to wars in other countries, goal was deindustrialization or climate control. Absolute stupidity on both counts. Tesla is making 86% of their cars in their factories. Rest of the items are bought from outside. Their factories have extremely high level of automation to keep manual labour at bare minimum. America chose to import.

I think there are some really really wierd things in the post above. 😂 Of course dude, noone is waiting with a garland on airport except if you are a refugee and arriving via a boat. But even those days are done. For nth time, I am blowing the siren, make your priority (or not) but find a way to move out. If you are not convinced stay here. I am not giving you any political/religious ridden argument but purely state economic reasons that india story is reaching it's dead end. Now few more indicators: 1. Debt to GDP ratio The growth is unprecedented in the history. And spelling a lot of doom and gloom. How does debt work: Govt borrows money from RBIs, money which RBI doesn't have. and to cover this RBI has to increase their interest rate (repo rate) and in turns it affects you. Then there is more money in circulation against which goods or services are not delivered, which creates inflation. 2020 was highest because of govt's spending during Corona it hasn't come down significantly even after 5 years. 2. Gross domestic savings This index is at 4 decades lowest point, which means Indians are not able to save anything and more of them living paycheque to paycheque. How this affects you? As inflation rises, this will creep in the higher earning classes, everyone will be screwed. 3. Capital formation from FDI our FDI has been bumpy for last 10 years but warning part is capital formation has gone worse. What it indicates? FDI is not creating assets in india, most of the FDIs are playing in stockmarkets but not contributing to building any assets. This means we are not getting the next wave of Sillicon valley or manufacturing giants opening their shops here.

Actually this wasn't their choice, the economy dictated it. When economy grows, standard of living also grow with it, labour gets expensive and outsourcing manufacturing to other nation is the only viable option left in this case. Same thing will happen when developing latin america, southeast asia, and south asia becomes a devloped economy, then its the african countries where manufacturing will shift, bcs of the cheap labour. This will happen after 2100, unfortunately we wont be alive till then , I want to witness that world where most of the countries in the wrld will be prosperous, even africans.

Bro indirect taxes are considered regressive in nature, because they take a larger percentage of income from low-income groups compared to high-income groups. Poor man purchasing fuel at 200 suppose, 100 rupees tax. Same 100 rupees tax is nothing for rich or upper middle class compare to poor person. Same tax for diff level of income groups in a society is not at all a good idea.