Behind The Markets Podcast: Gaurav Sinha on Investing in India
Behind the Markets Podcast
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Micro Economy in India - What Are the Challenges Faced?
The micro economy is being rewired on the macro front. The rules in india are such that the moment you become big, a whole rule book is thrown at you. And no companyis able to compete in the global markets. So how did they tackle that? By putting in what is called as g s t, goods and services tax. This unifies all the 28 indian states and eight union territories and brings them on a single taxation scheme. Instead of having ten thousand small companies over next few years, this creates an environment where individual companies get bigger and bigger,. They can compete with global markets.
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