#Thread
BJP supporters on Twitter were once upon a time a very intellectual group of people who use to participate in fascinating conversations but sadly cringe elements has misguided the audience. Will try to clear few misconceptions which are constantly floating on our economy
BJP supporters on Twitter were once upon a time a very intellectual group of people who use to participate in fascinating conversations but sadly cringe elements has misguided the audience. Will try to clear few misconceptions which are constantly floating on our economy
Misconception 1
Hindus are exploited for tax
A) There are two main type of tax
Direct tax & indirect tax
Direct tax has 2 sub categories
Personal tax & corporate tax
India's total tax collection for fiscal year 2021-2022 is approx Rs. 40 lakh crores.
Let's see its breakdown
Hindus are exploited for tax
A) There are two main type of tax
Direct tax & indirect tax
Direct tax has 2 sub categories
Personal tax & corporate tax
India's total tax collection for fiscal year 2021-2022 is approx Rs. 40 lakh crores.
Let's see its breakdown
Direct tax collection is approx Rs. 15 lakh crore out of which 7 lakh crores come frm personal tax collected through income tax & 8 lakh crores comes frm corporate tax
Indirect tax collection by end of March will be around 25 lakh crores
Less than 20% tax comes from income tax
Indirect tax collection by end of March will be around 25 lakh crores
Less than 20% tax comes from income tax
Indirect tax is being paid by each & every citizen regardless of whichever income category. Indirect taxes are basically linked to buying power of Indians. Everything we buy has an indirect tax associated to it. Rich will pay more tax & poor will pay less acc to his buying power
Narendra Modi Gov brought the GST in 2017, which has proven as a successful tax mechanism to collect indirect taxes, reduce corruption & increase transparency in the tax collection. Despite pandemic India has received record breaking GST collection each month in the last 2 years
Misconception 2
I as a taxpayer gets zero benefit
A) the first thing comes to your mind, where does this Rs. 40 lakh crores go & why don't I get any benefits. This money is largely used in infrastructure development of India. India's infra is atleast 50 yrs behind US & China
I as a taxpayer gets zero benefit
A) the first thing comes to your mind, where does this Rs. 40 lakh crores go & why don't I get any benefits. This money is largely used in infrastructure development of India. India's infra is atleast 50 yrs behind US & China
To become a 5 Trillion or 10 Trillion economy, we need an infrastructure where we can increase our manufacturing capacity, improve our internal supply chain & channelize our export mechanism.
Improved infrastructure attracts more Foreign Direct Investment FDI in India.
Improved infrastructure attracts more Foreign Direct Investment FDI in India.
After China, India is getting biggest FDI in Asia. Foreign companies are investing in manufacturing & service sectors. These FDI gives more job opportunities & increase the salary bracket for employees by creating demand for experienced Human resources to establish their business
Hindus are the biggest beneficiaries of these FDI sector, coz they are highly educated and they have a huge demand in various industries such as manufacturing, chemicals, petro chemicals, e-commerce, IT, etc.
Even freshers find opportunities in the private sector
Even freshers find opportunities in the private sector
More salary and better job opportunities has increased the spending or as they say, buying power of the consumers. Today Indians are buying expensive cars, expensive shoes, clothes, dining regularly in restaurants. While spending you are contributing to the indirect tax system.
India is focusing on building 25,000 km new highways under Bharatmala projet whr most of the states & economic zones will be connected by faster highways, which will boost the manufacturing sector to reduce supply chain cost & quickly deliver goods to the nearest ports for export
Average goods delivery duration in India is around 20 days, where as China can deliver its finished goods to the port in 6 to 7 days. This makes China a viable option for manufacturers. But India is now catching up & Make in India Initiative will lead to revolution.
Sagarmala project is building highways, ports & economic zones near the coastal area. India is naturally gifted with huge coastline, to become the trade hub of the world but we lack infrastructure. Through this project we call realise that dream of India becoming the super power
India is building new ports in various states, they are setting up shipyard companies to sell medium range vessels in the international market. New ports will bring new industries around it. Mumbai become the economic hub after British setup port in 1888. Hence development is imp
India is investing money in the education sector where IIT, NIT, AIMS are being doubled compared to the year 2014. New industries will need new talent. Optical fibre network is taking quality education to the schools in remote villages. Utilising India's youth to full potential.
India is also investing heavily in the defence sector, whr recently a news broke out in December that India may buy 114 SAAB fighter jets which will be completely manufactured in India. India recently sold Brahmos to Philippines & looking to sell HAL Tejas to Malaysian Gov
India is working with International partners has signed agreements to setup semi conductor manufacturing in India, which will become a major breakthrough for Indian industries and it will also reduce India's dependency on countries like China & Hong Kong for importing semi cond.
What does 5 Trillion economy means
A) India's tax revenue will get doubled, Govt can build more state of the art infrastructure for further growth of the country. India will become self reliant in many areas. Youth will get better job opportunities. Better infra in rural areas.
A) India's tax revenue will get doubled, Govt can build more state of the art infrastructure for further growth of the country. India will become self reliant in many areas. Youth will get better job opportunities. Better infra in rural areas.
By 2030, we might see a completely diff India which is now competing on the international levels with US, China & European Union.
Remember growth is always measured on a 10 year scale where changes can be measured & compared. India is investing strategically in the future.
Remember growth is always measured on a 10 year scale where changes can be measured & compared. India is investing strategically in the future.
Who will benefit from a 5 Trillion economy
A) certainly the educated class will benefit from rapid expansion of economy. I need not tell you the religion of the educated class😉
Better jobs result in better salary & better salary gives you more luxury and buying power in market
A) certainly the educated class will benefit from rapid expansion of economy. I need not tell you the religion of the educated class😉
Better jobs result in better salary & better salary gives you more luxury and buying power in market
Why Gov doesn't give tax concessions
A) Giving tax concessions is a typical socialist policy which has not succeeded anywhere in the world. It may give you temporary buying power but it will eliminate your future growth without adequate infrastructure required for development.
A) Giving tax concessions is a typical socialist policy which has not succeeded anywhere in the world. It may give you temporary buying power but it will eliminate your future growth without adequate infrastructure required for development.
Better roads, ports, air ports, manufacturing, service sector, education & defense are built for you so that your future & your family's future is secured in this country
Socialist policy will take us back to the era of 60's to 80's
Think wisely, and share your views with me 🙏🏼
Socialist policy will take us back to the era of 60's to 80's
Think wisely, and share your views with me 🙏🏼
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