Indian Economy: News and Discussion

Crazywithmath

Regular Member
Joined
Mar 3, 2021
Messages
563
Likes
2,652
Country flag
small businesses don't file GST returns anyways.
And this is a problem.
MSME and above will have IT solutions to handle GST documentation. from a company perspective, all ERP softwares are equipped to handle tax. tax rates are fed along with the material master, software takes care of rest of the process.
Arbitrary changes increase compliance costs and I am not even getting started with the inverted duty structures and the (at least temporary) lack of high yoy growth promised to the states and the resulting disputes.
just that sales tax and VAT calculations have been replaced with something else.
Not denying that. GST is definitely better than the previous VAT systems.
 

LurkerBaba

Super Mod
Joined
Jul 2, 2010
Messages
7,843
Likes
7,806
Country flag
Story of india's semiconductor failure .. Very informative on our history and capability in this field .




Story of failure of babudom , state control , regulation .. visionless govt one after another .. 2019 india imported 21 billion $ of chips .. this year it ll break record .. If modi gets successful to attract companies to fabricate it ll be one of his biggest success .
Good video. Interesting that a fire caused the downfall and negated the early advantage
 

afako

Hindufying India
Senior Member
Joined
Aug 18, 2010
Messages
2,707
Likes
11,609
Country flag
A semi conductor plant worth billions is nothing short of strategic nature like nuclear tech or space tech. A plant in India requires blessings from Washington, European, Japanese, Korean and Taiwan Capitals.

Modi agreed to open up exports of vaccines again helps the West in their vaccine Diplomacy while hoarding millions of 3rd shots for their populations. It is always give and take.

A semi conductor plant never came in India in last 20 years despite GOI opening its purse is not due to shortcomings on GOI part but the global powers did not desire it.
 

sauntheninja

Regular Member
Joined
Dec 16, 2020
Messages
827
Likes
1,830
Country flag
A semi conductor plant worth billions is nothing short of strategic nature like nuclear tech or space tech. A plant in India requires blessings from Washington, European, Japanese, Korean and Taiwan Capitals.

Modi agreed to open up exports of vaccines again helps the West in their vaccine Diplomacy while hoarding millions of 3rd shots for their populations. It is always give and take.

A semi conductor plant never came in India in last 20 years despite GOI opening its purse is not due to shortcomings on GOI part but the global powers did not desire it.
Maybe its to do with the fact that we have no real industrial capacity
 

FalconSlayers

Based Kashmiri
Banned
Joined
Oct 14, 2020
Messages
13,688
Likes
64,810
Country flag
A semi conductor plant worth billions is nothing short of strategic nature like nuclear tech or space tech. A plant in India requires blessings from Washington, European, Japanese, Korean and Taiwan Capitals.

Modi agreed to open up exports of vaccines again helps the West in their vaccine Diplomacy while hoarding millions of 3rd shots for their populations. It is always give and take.

A semi conductor plant never came in India in last 20 years despite GOI opening its purse is not due to shortcomings on GOI part but the global powers did not desire it.
More to do with small market size, poor infrastructure, low incentives and low feasibility which caused a fab to stay away for so many years, now we have all 4 to support a small fab in India.
 

Chandragupt Maurya

Senior Member
Joined
Jun 23, 2020
Messages
2,051
Likes
4,701
Country flag
Ya'll Nibbiars Urban areas are heavy dependent on the Service sectors, High Tech sector and the rural areas on the manufacturing as the development of the infrastructure happens.
and what about high end manufacturing like Millitary Hardware , Aircrafts , Space tech or Medical Equipments
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
14,115
Likes
45,919
Country flag
and what about high end manufacturing like Millitary Hardware , Aircrafts , Space tech or Medical Equipments
Ya'll Nibbiars thats in the High Tech Manufacturing as alreday metioned.
 

Global Defence

New threads

Articles

Top