"The best way to predict the future is to create it."

<ul><li class="ql-align-justify">Prices of vegetables have increased a lot</li><li class="ql-align-justify">Tomatoes and onions are very expensive</li><li class="ql-align-justify">Half of an average Indian's budget goes to fruits and vegetables</li></ul>

Food inflation is a major problem

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"When consumption slows down, it is a warning sign that the economy is losing momentum."

I ASKED MY DISCORD MEMBERS TO KNOW THEIR OPINIONS ON TAXES

<ul><li class="ql-align-justify">People aren't earning more, so they're not spending</li><li class="ql-align-justify">Companies aren't investing because people aren't buying</li><li class="ql-align-justify">This leads to no salary increases or even job losses</li></ul>

There's a negative economic cycle

<ul><li class="ql-align-justify">Oil companies are making big profits, but fuel prices aren't reduced</li><li class="ql-align-justify">The GST fund has extra money, but tax rates aren't lowered</li><li class="ql-align-justify">The government isn't selling off (disinvesting) public companies as planned</li></ul>

The government has the means to help but isn't acting

<ul><li class="ql-align-justify">Labor laws need to be simplified to boost manufacturing</li><li class="ql-align-justify">The government needs to encourage private sector investment</li><li class="ql-align-justify">Political considerations shouldn't delay economic reforms</li></ul>

Big reforms are needed for higher growth

<ul><li class="ql-align-justify">Some people are buying expensive things on EMI (monthly installments)</li><li class="ql-align-justify">A large part of their income goes to paying off loans</li><li class="ql-align-justify">This leaves less money for other expenses</li></ul>

Many people are living on credit

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<ul><li class="ql-align-justify">The growth rate was 5.4% in the second quarter, the lowest in 18 months</li><li class="ql-align-justify">Some economists say India's normal growth rate is 6-7%</li><li class="ql-align-justify">Higher growth rates were due to government spending, not private sector</li></ul>

India's economic growth is slowing down

<ul><li class="ql-align-justify"> Many people's salaries haven't increased in 6 years</li><li class="ql-align-justify">In cities, incomes have only grown by 1% in 6 years</li><li class="ql-align-justify">In villages, incomes have actually decreased by 3%</li></ul>

People's incomes aren't growing

"The borrower is slave to the lender."

<ul><li class="ql-align-justify">They could reduce income tax rates</li><li class="ql-align-justify">They could lower petrol and diesel prices</li><li class="ql-align-justify">They could decrease GST (Goods and Services Tax) rates</li></ul>

The government can take steps to improve the situation

<ul><li class="ql-align-justify">People are spending less money</li><li class="ql-align-justify">Car companies are offering big discounts</li><li class="ql-align-justify">Even everyday items like soap and toothpaste aren't selling well</li></ul>

Private consumption is slowing down

<ul><li class="ql-align-justify">Current growth rates aren't enough to achieve this goal</li><li class="ql-align-justify">We need much higher growth rates to become a developed country</li><li class="ql-align-justify">The government needs to take action to boost growth</li></ul>

The dream of a developed India by 2047 might not be realistic

Shocking Truth: India's Economy Exposed! You Won't Believe #3

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****** 
India's GDP growth has slowed to 5.4%. Private consumption is shrinking, and companies are grappling with declining revenues and profits. Some economists warn that India's aspirations of becoming a developed nation may remain a distant dream. The signs are clear—the Indian economy is not performing as we had hoped.
But why is this happening? One major reason stands out: the government policies. 
In this video, we break down how government's decisions are impacting the economy and discuss actionable steps to revive India's path toward becoming a developed nation.

📃Sources: https://docs.google.com/document/d/1vsrI-oH3Rw0W08oKh1c3deYChB-QoTJqv_mX8pAZdjc/edit?usp=sharing

******

🔍✍️Research: 
Zaira Khan: https://www.linkedin.com/in/zaira-khan-7435a9189

✂️🎛️Editing: 
Yash Vyas:https://www.instagram.com/yashvyas24/
CharanTej: https://www.instagram.com/mograph.charantej/
Utpal Singh Jadon: https://www.instagram.com/utpalsinghjadon
Aditya Chowdhury : https://www.instagram.com/infjt_me

🎨Thumbnail :
Aanchal Verma: https://www.instagram.com/aanchal_creates/


****** 

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