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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Beyond marginal savings for consumers, the promises held out by the GST cuts are a tall order. Maybe even delusional.
GST 2.0—billed as GST Bachat Utsav—kicked off on Monday. The prime minister claimed that a bonanza awaits 140 crore Indians, where the growth story will accelerate, doing business will become easier and investments will be more attractive. Thus, it is his silver bullet for individuals, households, companies and the economy.
Look deeper and it isn’t everything it is made out to be. Maybe almost nothing.
The reality of India is stark and largely misunderstood by the government and the people believing the silver bullet narrative. Rising indebtedness and high taxes have burdened households in a way that has left private …
