How The Government is Looting You (Despite Having Money!)

• Prices of vegetables have increased a lot
• Tomatoes and onions are very expensive
• Half of an average Indian's budget goes to fruits and vegetables

•  Many people's salaries haven't increased in 6 years
• In cities, incomes have only grown by 1% in 6 years
• In villages, incomes have actually decreased by 3%

• People aren't earning more, so they're not spending
• Companies aren't investing because people aren't buying
• This leads to no salary increases or even job losses

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• Some people are buying expensive things on EMI (monthly installments)
• A large part of their income goes to paying off loans
• This leaves less money for other expenses

• The growth rate was 5.4% in the second quarter, the lowest in 18 months
• Some economists say India's normal growth rate is 6-7%
• Higher growth rates were due to government spending, not private sector

• Current growth rates aren't enough to achieve this goal
• We need much higher growth rates to become a developed country
• The government needs to take action to boost growth

• They could reduce income tax rates
• They could lower petrol and diesel prices
• They could decrease GST (Goods and Services Tax) rates

• Oil companies are making big profits, but fuel prices aren't reduced
• The GST fund has extra money, but tax rates aren't lowered
• The government isn't selling off (disinvesting) public companies as planned

• Labor laws need to be simplified to boost manufacturing
• The government needs to encourage private sector investment
• Political considerations shouldn't delay economic reforms

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