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“While monsoons have been favourable for three consecutive years, discretionary spending has not picked up to the extent seen in earlier periods of good rainfall. The proposed GST reform is a long-awaited move and could be a game-changer, as it would boost disposable incomes, thereby driving corporate earnings growth,”
These people just don’t get it!! 😂😡 Reducing GST will only have a marginal impact. What they need to do is reduce the 30% slab to 15-20% and abolish the surcharge for 50 lpa earners, plus abolish capital gains tax. Yes, that will only affect 2% of the populace but it is this 2% that is fuelling the economy! You need to put more money in their hands, because they are not spending because of high costs and taxes! It’s like the patient’s heart is weak and you are treating the liver instead!
Also, from a fairness perspective, this 2% gives so much of their earnings in taxes, but receives nothing from the government in return. All the money is spent on wasteful doles and subsidies, plus salaries abd perks for corrupt babus!
https://www.livemint.com/market/stock-market-news/gst-reforms-and-inflation-will-narendra-modi-government-s-move-pave-the-way-for-an-rbi-rate-cut/amp-11755589776645.html