Indian Economy

[eastern_bhartiya]

Only 3 foreign manufacturing cos set up shop in India in FY25

Despite government initiatives to boost domestic manufacturing, only three foreign manufacturing companies established operations in India during fiscal year 2024-25, according to Ministry of Corporate Affairs data. This contrasts with 53 foreign companies in the services sector. The number of...

economictimes.indiatimes.com

Some damper in our manufacturing so called successes over the past year?

This news bit too short for any thing to say rn .

 

[FalconSlayers]

Undocumented economy can be documented by proper recording and bringing them into tax system.

Except their "undokyumented ekanamy" claims are as outlandish as porkis.

 

[crazywithmath]

Except their "undokyumented ekanamy" claims are as outlandish as porkis.

GST CAGR has outpaced nominal GDP growth consistently in the past few years - enough evidence that significant portion of the economy is yet to be formalized - rebasing will attempt to bring some of that into the GDP net. Pakroaches have no such indicator, their tax revenues barely grow.

 

[LETHALFORCE]

View: https://x.com/IanJaeger29/status/1919433004507668647