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India

Deciphering Growth

The reported growth figures, while seemingly promising, come with a caveat ~ a dash of scepticism. Behind the curtain of soaring numbers lies a labyrinth of methodology, where the calculation of GDP growth resembles more of an art than a science.

Budget 2022

With an Expenditure Tax applied to every bank/digital transaction, the tax net would stretch to practically everybody now that the bulk of the unbanked have been drawn into the net. If the expenditure tax is minuscule, say 0.001 per cent, it addresses the argument long offered by leftist economists that the rich should be taxed and not the poor. Taxation that even a poor man does not mind can still add up to a tidy sum