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This is generally inaccurate and not particularly insightful. Indians by and large aren't "paying tax like first world countries". The income tax rate is compar
by roncesvalles 2y ago
This is generally inaccurate and not particularly insightful. Indians by and large aren't "paying tax like first world countries". The income tax rate is comparable to other countries and India actually has extremely low tax compliance. Only employees of medium and large companies report their incomes accurately.
As for low quality products, well it's just catering to the price point of the Indian consumer. The number of people in India willing to pay $10 for 50 grams of Assam is so low that it's not even worth putting out such a product in the market. Indians are also notoriously price-sensitive.
- burnermore 2y ago[dead]
- burnermore 2y ago[dead]
- llampx 2y agoWhat you said doesn't refute the point. India has low tax compliance, so people who pay taxes (middle-class, salary jobs, no way to hide income or wealth) shoulder an unfair part of the overall tax burden. This is obviously being worked on by the government, but it remains true. Once you add up the expenditures from double-spending (for example private health insurance, private retirement saving, private school, toll roads) the tax burden is well above what you would pay in an EU country.
- roncesvalles 2y agoThe correct solution is to make India income-tax free. The corporate middle class that pays income tax is also the main driver of discretionary consumption. Pursuing personal tax compliance in a country such as India is futile.