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Economy => Economics => Topic started by: sujoy12 on May 04, 2021, 06:08:28 AM



Title: April 2021 set a new record India. How much effect in Indian economy?
Post by: sujoy12 on May 04, 2021, 06:08:28 AM
April 2021 set a new record of Rs. 1,41,384 crore in GST collection in india.
Despite the second wave of COVID-19 pandemic effecting several parts of the country.
Indian business have once again shown remarkable resilience by not only complying with the return filing requirements but also paying their GST dues in a timely manner during the month.
     The finance ministry said in a statement.

 IT good for county economic?


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: bryant.coleman on May 04, 2021, 04:51:38 PM
India has one of the worst economic models in the world. Only around 2% of the population pays income tax and these people are treated like untouchables in India. The so called "salaried class" is not regarded as a powerful voting block, and therefore they have to deal with ever increasing taxes with every passing year. The increase in GST collection shows that the economy is in good shape despite the pandemic. People are working from home, and therefore able to save more money. But the model will not remain sustainable for long, if the government fails in expanding the tax-payer base.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: Sterbens on May 04, 2021, 06:26:36 PM
it is terrible that what is currently hitting India, we can hardly believe the phenomenon, where they are deprived of oxygen to breathe fresh air.
today I got the news that my brother who has been working in India since 2018, gave the news that he was being treated in an improper hospital. not because the service is lacking. it's because it's full of patients trying to get into the drug.
The impact of this crisis can no longer be tolerated, the economic downturn in India is adding to the instability. Stores began to be looted, and this was dire for the economic situation in India.
hospital raise their hands, they are really overwhelmed.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: Gozie51 on May 04, 2021, 06:58:41 PM
it is terrible that what is currently hitting India, we can hardly believe the phenomenon, where they are deprived of oxygen to breathe fresh air.
today I got the news that my brother who has been working in India since 2018, gave the news that he was being treated in an improper hospital.

This kind of information is what you can always get from third world countries which India is classified as too. No proper salary renumeration for workers and the government always think of themselves and family members. This is unfortunate thing that happens in those part of the world.

In the case of India, I use to read of it having a fairly good health care system and most of the African countries go on medical tourism to India. This is suppose to be a very good source of income to India if they manage that well.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: fiulpro on May 04, 2021, 07:22:04 PM
Business? What do you mean by business?
What's happening in India right now is honestly so sad. Companies and individuals alike are getting profited from the sick patients and their families. A simple oxygen cylinder is getting sold at 70k!!! People are selling remdesvir for 30k!! Which is supposed to be close to 900 inr!! Plus this is not even the worst case scenario. If you are sick, you are advised to go to the hospital and the hospitals and the doctors are literally taking so much money from the patients. Ofcourse this is not everyone and every company but most of them are getting profited immensely! Doing such things. The Government is unable to help their own people. I would not vouch on these figures for long. People are actually becoming rich by owning a medical related business but that's mostly Corruption.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: mersal on May 04, 2021, 07:44:51 PM
April 2021 set a new record of Rs. 1,41,384 crore in GST collection in india.
Despite the second wave of COVID-19 pandemic effecting several parts of the country.
Indian business have once again shown remarkable resilience by not only complying with the return filing requirements but also paying their GST dues in a timely manner during the month.
     The finance ministry said in a statement.

 IT good for county economic?

India collected world record tax just because of their high tax rate and tax for everything not from any improvement in their economic improvements in their infrastructure. Even most of the economists accepted that the implementation of GST in India killed a lot of small business and also mentioned by the articles all over the world. This is an example to the world of what will happen when you give powers to illiterate people as leaders.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: Sithara007 on May 05, 2021, 04:12:05 AM
India collected world record tax just because of their high tax rate and tax for everything not from any improvement in their economic improvements in their infrastructure. Even most of the economists accepted that the implementation of GST in India killed a lot of small business and also mentioned by the articles all over the world. This is an example to the world of what will happen when you give powers to illiterate people as leaders.

I have to disagree here. Previously the small merchants were not paying taxes and now after the implementation of the GST they need to do that. And why should they be exempted from tax? These people were literally robbing ordinary citizens by charging a margin of as much as 100% or 150%. And actually the problem for smaller merchants was the entry of online shopping sites such as Amazon and Flipkart, and not GST. These e-Commerce sites charge a margin of only 4% or 5%, so naturally people prefer them over the smaller shops.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: zanezane on May 05, 2021, 04:35:04 AM
India has one of the worst economic models in the world. Only around 2% of the population pays income tax and these people are treated like untouchables in India. The so called "salaried class" is not regarded as a powerful voting block, and therefore they have to deal with ever increasing taxes with every passing year. The increase in GST collection shows that the economy is in good shape despite the pandemic. People are working from home, and therefore able to save more money. But the model will not remain sustainable for long, if the government fails in expanding the tax-payer base.
I am not sure whether the old class hierarchy is removed or not because people around the world share stories on the Internet about how they can't be with someone because they are of different classes. I am not an economist so I can't comment on their economic model but I am sure that they will be able to make something out of it because they have a growing population and they have to utilize that to collect taxes.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: bryant.coleman on May 05, 2021, 07:52:48 AM
I am not sure whether the old class hierarchy is removed or not because people around the world share stories on the Internet about how they can't be with someone because they are of different classes. I am not an economist so I can't comment on their economic model but I am sure that they will be able to make something out of it because they have a growing population and they have to utilize that to collect taxes.

Tax liability needs to be on the same level for everyone. When I travelled to India, I was surprised to see rich farmers who roam around in BMWs and Audis pay zero tax (because farming income, without any upper limit is 100% tax-free). At the same time, there are these "salaried class" losers who pay up to 43% of their income in direct tax and more in indirect taxes (GST on software exports, labor tax.etc). These people are the most pathetic bunch. They have to pay half of their income as tax, and even after that they have no influence in the government. Here in Singapore, almost everyone pays tax. It doesn't matter whether you are a farmer or a software engineer.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: zanezane on May 05, 2021, 08:11:43 AM
~

Tax liability needs to be on the same level for everyone. When I travelled to India, I was surprised to see rich farmers who roam around in BMWs and Audis pay zero tax (because farming income, without any upper limit is 100% tax-free). At the same time, there are these "salaried class" losers who pay up to 43% of their income in direct tax and more in indirect taxes (GST on software exports, labor tax.etc). These people are the most pathetic bunch. They have to pay half of their income as tax, and even after that they have no influence in the government. Here in Singapore, almost everyone pays tax. It doesn't matter whether you are a farmer or a software engineer.
That is the dream of many farmers in my country, it is the opposite here. I don't like the idea that paying taxes is unequal so I quite feel bad that farmers don't pay their taxes but I hope that they do some changes and tax the right people because the working class is going to suffer with these taxes. Singapore is a good country although as far as I know they are the most expensive country.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: quocsi on May 05, 2021, 10:22:59 PM
In April 2021 India broke the discipline for the number of people who got sick and died about covid 19. This is a terrible thing. It causes the Indian economy to weaken. Hospitals were overloaded, medical equipment was not enough to provide the people. I hope the rich countries of the world will join hands to help the Indian government.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: sheenshane on May 05, 2021, 11:56:37 PM
April 2021 set a new record of Rs. 1,41,384 crore in GST collection in India.
.
.
 IT good for county economic?
That’s very good to hear.
However, with the scaling IT companies have I’m afraid that the tax has been reduced ultimately in a legal way.  It might Indian Executives already knew how to play the game.

That’s why having an accountant in a team is very effective (a clever one).  Filing return requirements and paying GST have to be done by professionals to be effective and to avoid penalties.

But on this type of structure?
I don’t think this will become consistent and India must be prepared after the pandemic instead and see what will happen.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: doomistake on May 06, 2021, 01:16:09 AM
The pandemic situation in Inda has been worsening each day. They're having a very hard time controlling the spread of the virus, hence the increased rate of covid-19 cases in their country. Based on the news and articles I've read online, the fatality rate are also going up each day. The deaths keep going higher as time passes by and its absolute and official record isn't up to date due to continuous spike of deaths.

The oxygen supplies in India is also a big problem. They lack oxygen tanks that are needed by the covid-19 patients. A lot of donation drive have been circulating online to help India. They are very desperate for help that some people's only option was to buy oxygen supplies illegally such in black markets. The mass cremation was also done because the crematoriums can't accommodate so much. They mass cremate the bodies on a vast vacant lot using fires.

This crisis will definitely take a toll on the economy of India. The business will have a hard time to recover given their current situation there now. Because of their situation, the working class will have limited movement due to safety precautions. Slow and weak industry operations will soon lead to economic decline if they won't be able to address and response accordingly.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: Sithara007 on May 06, 2021, 03:37:06 AM
The GST collection has increased only because of the growth in the ITES sector. All the other sectors are showing a downward trend as far as GST collection is concerned. And ITES remains as the most demonized and unorganized sector in India. They bring valuable foreign currency and tax revenue for the government, but in return they hardly get anything. Unlike the other sectors, the ITES industry is not organized and therefore doesn't have any collective bargaining power. As a result, those working in this sector migrate to the western nations, whenever they get the opportunity.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: Chato1977 on May 06, 2021, 03:38:33 AM
April 2021 set a new record of Rs. 1,41,384 crore in GST collection in india.
Despite the second wave of COVID-19 pandemic effecting several parts of the country.
Indian business have once again shown remarkable resilience by not only complying with the return filing requirements but also paying their GST dues in a timely manner during the month.
     The finance ministry said in a statement.

 IT good for county economic?

even How good indian Economy goes well Yet we cannot deny the fact that the government specially in banking sector is against crypto and the Issue of banning never stops even a little so what can crypto do good towards Indian people and Indian Economy?


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: Vishnu.Reang on May 06, 2021, 06:13:48 AM
even How good indian Economy goes well Yet we cannot deny the fact that the government specially in banking sector is against crypto and the Issue of banning never stops even a little so what can crypto do good towards Indian people and Indian Economy?

Rather than the politicians, it is the bureaucracy which is pushing for the ban. Here in India, people have a feeling that the politicians are responsible for most of the troubles and they are the most corrupt bunch. But in reality, that is not the case. The most corrupt branches in India are the bureaucracy, administration (IAS/IPS), the judiciary and the police. Compared to them, the politicians are much better. And it is not very surprising that the bureaucrats are up in arms against the cryptocurrency. They will not allow anything, that reduces their dominance on the common people.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: avikz on May 06, 2021, 06:18:38 AM
April 2021 set a new record of Rs. 1,41,384 crore in GST collection in india.
Despite the second wave of COVID-19 pandemic effecting several parts of the country.
Indian business have once again shown remarkable resilience by not only complying with the return filing requirements but also paying their GST dues in a timely manner during the month.
     The finance ministry said in a statement.

 IT good for county economic?


Indian economy needs an educated leader to lead to its success. GST is an improper indirect tax solution which has forced millions of businesses to close down within months of its introduction. It's true that government is earning more revenue through it but let's take a look how they are spending it.

1. Statue of unity - wastage of 370 million USD
2. Narendra Modi Stadium - wastage of 110 million USD
3. Central Vista project - wastage of 140 million USD (ongoing)
4. Proposed Sivaji statue - wastage of 540 million USD (proposed)
5. Bullet train - wastage of 10 billion (estimated)
6. Ram Mandir - wastage of around 300 million USD (estimated)

Now when the second wave of covid hit the country, we are realizing that our health infrastructure is not capable of handling such situations because millions of people have already died. Worst is yet to be seen!



Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: Vishnu.Reang on May 06, 2021, 07:31:57 AM
1. Statue of unity - wastage of 370 million USD
2. Narendra Modi Stadium - wastage of 110 million USD
3. Central Vista project - wastage of 140 million USD (ongoing)
4. Proposed Sivaji statue - wastage of 540 million USD (proposed)
5. Bullet train - wastage of 10 billion (estimated)
6. Ram Mandir - wastage of around 300 million USD (estimated)

This is funny. Nice try to spread fake news.

1. Funds for Statue of Unity mostly came from the state of Gujarat, with only a small portion coming from the Union Budget.
2. Narendra Modi stadium is owned by Gujarat Cricket Association, and it received no central funding.
3. Central Vista project involves the shifting of office buildings to a open area from the crowded Lutyens region.
4. Shivaji Statue is only "proposed" and no decision has been taken
5. How come bullet train is a waste of money? You want people to travel in bullock carts?
6. The $300 million cost for Ram Mandir comes from devotees and the central government hasn't contributed a penny.  


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: Haunebu on May 06, 2021, 07:55:59 AM
You are clearly one of the minority who feels that GST is actually helping India in the short-term and long-term. Based on what I observed, it is easily one of the worst decisions implemented by the Modi Government.

The Indian economy is currently getting screwed by the 2nd wave and the lockdowns in different states are making things worse to an extent.

I expected the Indian economy to slowly and steadily recover this year just like other countries, but I never expected the 2nd wave to be more brutal than the first. The Modi Government are being criticised from all corners of the world for letting things get out of hand in this manner.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: goaldigger on May 06, 2021, 08:03:20 AM
India might be able to collect taxes on time but the situation there is not acceptable for a rich country who spend a lot of money for their militarization. This shows how India handle the situation and they are failing big time on controlling the pandemic problem. Indian people still living like there's no virus and recently, I saw a big gathering on their place which they've said was for their religious belief which I think, can still be celebrated without gatherings, now this is the result, a big surge on the Covid-19 patients.

The economy of India will be affected on this since people and investors will panic, and many will just wait for India to recover but no one can tell until when as long as they didn't act to contain the virus, they are now calling for a full national lockdown, expect businesses to stop their operation and those collected taxes will be used for their relief operation, they should increase the bed capacity of their hospitals ASAP.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: Lorence.xD on May 06, 2021, 08:07:18 AM
The Indian economy is currently getting screwed by the 2nd wave and the lockdowns in different states are making things worse to an extent.

I expected the Indian economy to slowly and steadily recover this year just like other countries, but I never expected the 2nd wave to be more brutal than the first. The Modi Government are being criticised from all corners of the world for letting things get out of hand in this manner.
I don't live on India so I don't have the full grasp of the situation in terms of politics and society there but from what I have heard, the second wave could have been prevented if that one big gathering was prevented from happening. This is going to cause the recovery to go slower unless the government improves their responses.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: slapper on May 06, 2021, 08:18:05 AM
There are too many problems in India and the new wave of pandemic just exploits everything. From the outside, India makes others believe that they are a good country which provides subsidy and vaccination while from the inside, the government is rot. There is no powerful policy to improve the economy while more than half living under conditions.

Moreover, religions are also a big issue. India has more than 5 religions and subcultures which prevent them from deploying fast and flexible regulations. I just hope that the country will soon overcome the disaster and I believe they have learned enough from this event. Reformation is needed


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: Kakmakr on May 06, 2021, 08:40:43 AM
I think the next GST (Return) cycle are going to be the devastating one for India. This one covered a period where the impact of Covid was not so severe, but the next cycle will definitely not be the same. India will receive pressure from other countries to impose a national lockdown and if that happens, the economy will suffer. (Companies closing and lots of job losses)

A lot of the budget is also going to be redirected towards strategies to stop the spread of the virus. (Large amounts of PPE's and also vaccines) ..so that money has to come from somewhere or service delivery will have to suffer.  ::)


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: FairUser on May 06, 2021, 09:03:29 AM
That doesn't make much sense when money is concentrated in one place, and this goes against what we'd expect from decentralization. I love the people and their countries, but it's about culture, not the economic development that is currently there. Arguably they were the worst planning country I knew of, this outbreak I saw them losing more control. And I am envisioning a complete economic collapse in their time to come, their leaders will be the ones responsible for this, a country that leads to such a situation. It can only be that the leaders do it wrong, and I am quite serious about saying their leaders are having a strategy to build the economy and protect the people stupidly. What I am looking forward to for the rise of India is unlikely to happen.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: buwaytress on May 06, 2021, 03:35:44 PM
Moreover, religions are also a big issue. India has more than 5 religions and subcultures which prevent them from deploying fast and flexible regulations. I just hope that the country will soon overcome the disaster and I believe they have learned enough from this event. Reformation is needed

This seems to be a really big problem from my view too (other than the very basic education needs that will fix a lot of things bottom up). Every political party seems to really want to use religion, pitting Indians of different faiths against each other, and cherry picking to present cases for or against reforms (including even economic reform). Even Bitcoin's not safe from judgment of invisible people in the sky, it seems.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: iamsheikhadil on May 06, 2021, 03:55:21 PM
I don't think we can appreciate the government for this, on an individual level, Indians are becoming non-corrupt day by day, and as the economy become more cashless, I am very optimistic about the future of the country. Despite having been hit with this second wave, the country is still saying strong even though the BJP party is very anti-common people and knows nothing but politics on religion, the major part of the country is not falling for their agenda and on a fundamental level doing their best to stay strong and fight back the virus.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: SaShiRaJaVu on May 06, 2021, 05:23:19 PM
Despite the second wave of COVID-19 pandemic effecting several parts of the country.
Indian business have once again shown remarkable resilience by not only complying with the return filing requirements but also paying their GST dues in a timely manner during the month.
Hope you are well aware of the present situation when people are dying in the streets and it should be said that almost of the businesses are closed because the pandemic situation and do you think they will be pulling good numbers for the past one and a half years, everyone is suffering and we are in a country where the Prime Minister thinks that other states represents other countries which are against their concept of ideology and they are not doing their work as the ruling party and so is the reason we are seeing these pathetic situation as they never did anything even if they had the time to prepare for the second wave.

Do you think these are not affecting everyone's life including the businesses and the small scale businesses will be suffering the most and there is no vision what so ever on how to help these struggling business owners either.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: DrBeer on May 07, 2021, 07:40:13 PM
India has one of the worst economic models in the world. Only around 2% of the population pays income tax and these people are treated like untouchables in India. The so called "salaried class" is not regarded as a powerful voting block, and therefore they have to deal with ever increasing taxes with every passing year. The increase in GST collection shows that the economy is in good shape despite the pandemic. People are working from home, and therefore able to save more money. But the model will not remain sustainable for long, if the government fails in expanding the tax-payer base.

I read that the general tax model for India looks like this:
- All individuals pay up to 30% of personal income. According to the scheme:
Income level, drachmas / Duty,%
0 - 200000 = 0%
200001 - 500000 = 10%
50,0001 - 1,000,000 = 20%
Over 1000001 = 30%
- For legal entities, an interest rate of 30-42% is provided for local and foreign enterprises, respectively.
- The rate on capital gains depends on the type - short-term or long-term. The taxation rate is from 10 to 20%.
- The VAT rate varies from state to state and is 16-20%. Charged only on goods.
State duty - 500 Indian rupees and one document, stamp duty is levied in the amount of 0.5-7%.

The scheme looks generally logical and it cannot be said that it is "the worst". Maybe it's just not being performed, did you mean that?


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: dothebeats on May 07, 2021, 07:55:28 PM
As one of the speakers in a conference I've attended recently said about India, it is a rich country with an aggressive economy paired with a government that has its focus astray from the rest of the population. The ones paying their taxes are always on point, while the government handling the taxes seem to not put it to good use, especially on more pressing and urgent matters such as the COVID situation. It doesn't really matter if the tax collection of the gov't is more efficient and net more figures if the proceeds will not be put to good use.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: just_Alice on May 07, 2021, 11:32:37 PM
In the case of India, I use to read of it having a fairly good health care system and most of the African countries go on medical tourism to India. This is suppose to be a very good source of income to India if they manage that well.
Good healthcare system? You must be joking! Have you not seen the numbers (https://www.who.int/countries/ind/) of covid incidence and death rate? They have public healthcare, which is free and available to every citizen, yes, but the quality of the services given should be put in question.
As far as I know, only lower-class individuals (which is the majority in India) use public healthcare, while the upper class prefers private clinics. Wonder why?
The only reason why tourists are so attracted to India in terms of medical services is that it's very cheap. And, maybe, as compared to many African countries is somewhat better. But, in general, it is horrible.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: Princejebs on May 07, 2021, 11:53:14 PM
The current state isn't a healthy one but they don't have choice than to close down the parts of the country. It's a terrible idea but very essential for everyone safety.
I can still remember everything I went through during the first covid 19 general lock down, it was a terrible experience that range from trauma of thinking the world is coming to an end to how many weeks of stay at home without seeing some friends. Many virtual online chat, here and there but the wait worth because I never had any friends been tested with the virus.
I wish Indians quick recovery and I hope it doesn't stay long.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: cabron on May 07, 2021, 11:59:02 PM

We all know when a country experience crisis like how covid devastated them today, the business will not boom. The businesses will close its stores and establishment to avoid risk. And if the currency still rises, it's not normal.

Its always going to go along with how the economy works. With how many deaths there and panic, I don't think business will work well there.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: verita1 on May 08, 2021, 12:06:51 AM
The cause of India's second wave is that its population simply did not continue to use biosafety protocols. India felt that it had countered the virus by observing the low incidences of infected people. Politicians and religious called meetings and events without taking the rigorous precautions such as social distance and wearing masks, which caused a sad consequence of a high number of infections and with a new, more aggressive and lethal variant of covid19.

https://www.google.com/amp/s/amp.dw.com/en/indias-covid-inferno-why-is-the-second-surge-happening-now/a-57364814 (https://www.google.com/amp/s/amp.dw.com/en/indias-covid-inferno-why-is-the-second-surge-happening-now/a-57364814)


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: Sithara007 on May 08, 2021, 03:39:08 AM
Good healthcare system? You must be joking! Have you not seen the numbers (https://www.who.int/countries/ind/) of covid incidence and death rate? They have public healthcare, which is free and available to every citizen, yes, but the quality of the services given should be put in question.
As far as I know, only lower-class individuals (which is the majority in India) use public healthcare, while the upper class prefers private clinics. Wonder why?
The only reason why tourists are so attracted to India in terms of medical services is that it's very cheap. And, maybe, as compared to many African countries is somewhat better. But, in general, it is horrible.

Well.. public healthcare remains in a poor state in most of the populous states. But in the smaller states, it is in good condition. But there is a wide gap between private sector and the public sector. The private hospitals in India are some of the best in the world, and the cost of treatment is much lower when compared to the other countries. The poor state of public hospitals can be attributed to the population explosion. The population is growing at such a steep rate, and the government is unable to set up hospitals which could accommodate everyone. Also, due to the low wages a lot of medical professionals chose to migrate to Western or Middle eastern nations.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: jinxing on May 08, 2021, 03:46:34 AM
April 2021 set a new record of Rs. 1,41,384 crore in GST collection in india.
Despite the second wave of COVID-19 pandemic effecting several parts of the country.
Indian business have once again shown remarkable resilience by not only complying with the return filing requirements but also paying their GST dues in a timely manner during the month.
     The finance ministry said in a statement.

 IT good for county economic?


seeing the current situation in India is clearly very sad, every day the cremation process is increasing so that it is increasingly difficult for its citizens to get fresh air, on the other hand they have to continue to fight against Covid, but the impact of Covid itself has greatly affected the air population.  It would be nice if someone who died from Covid was immediately buried to reduce the air population.  The downturn that occurred in India is certainly bad for its economy, the Indian government must act decisively by implementing strict health protocols.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: Maheshkumar_Hrangkhawl on May 08, 2021, 05:16:33 AM
seeing the current situation in India is clearly very sad, every day the cremation process is increasing so that it is increasingly difficult for its citizens to get fresh air, on the other hand they have to continue to fight against Covid, but the impact of Covid itself has greatly affected the air population.  It would be nice if someone who died from Covid was immediately buried to reduce the air population.  The downturn that occurred in India is certainly bad for its economy, the Indian government must act decisively by implementing strict health protocols.

Dead bodies are cremated according to the Hindu ritual and it is suitable for a country such as India which is rapidly running out of space. Cemeteries take up a lot of space and they are not suitable for India. BTW, I don't think that COVID 19 has increased the air pollution in the form of additional cremations. Everyday, some 30,000 people die in India and the deaths from COVID 19 represents only 10% of this number.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: iamsheikhadil on May 08, 2021, 05:42:10 AM
As one of the speakers in a conference I've attended recently said about India, it is a rich country with an aggressive economy paired with a government that has its focus astray from the rest of the population. The ones paying their taxes are always on point, while the government handling the taxes seem to not put it to good use, especially on more pressing and urgent matters such as the COVID situation. It doesn't really matter if the tax collection of the gov't is more efficient and net more figures if the proceeds will not be put to good use.

The current political party ruling our country is the most arrogant government in the history of free India, they don't listen, their problem is they don't have a little bit of empathy and they think whatever decisions they make is the final, which is clearly not even when they are faced with facts they turn away from them. It's like Donald Trump but with many Trumps at the same time!


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: jrrsparkles on May 08, 2021, 05:48:10 AM
The cause of India's second wave is that its population simply did not continue to use biosafety protocols. India felt that it had countered the virus by observing the low incidences of infected people. Politicians and religious called meetings and events without taking the rigorous precautions such as social distance and wearing masks, which caused a sad consequence of a high number of infections and with a new, more aggressive and lethal variant of covid19.

https://www.google.com/amp/s/amp.dw.com/en/indias-covid-inferno-why-is-the-second-surge-happening-now/a-57364814 (https://www.google.com/amp/s/amp.dw.com/en/indias-covid-inferno-why-is-the-second-surge-happening-now/a-57364814)

Still there is no sign of precautions or atleast awareness from the people, they ae just roaming around without mask and social distancing is impossible to follow as well. Anyone will the common sense may survive but people who behave like a sheep will be having higher chances to get the covid infections. International community is trying their best to help the suffering people but the worse is yet to be seen as far as I read the news.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: Tahsin Kabir Kollol on May 08, 2021, 07:05:55 AM
India's economic prosperity has stalled since the coronavirus began. India's economic growth in 2020 slowed as a result of a series of lockdowns across India to prevent the first blow of the coronavirus epidemic. India is now on the brink of extinction as the coronavirus epidemic has re-emerged since March 2021. Although strict sanctions such as lockdowns have not been imposed across India, the economic downturn has re-emerged as the coronavirus epidemic has spread and economic activity has been severely hampered by rising mortality rates. According to various analysts at the Central Bank of India, if the coronavirus epidemic is not brought under control quickly, it will take a few years to recover from the current loss if India's GDP will grow 7% in the next few years. Therefore, it can be said that the current coronavirus situation will have a huge impact on the Indian economy.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: sapnu on May 08, 2021, 08:45:10 AM
Considering how hard the pandemic hit them, it will definitely affect their economy in the present and in the future. It was actually caused by their complaisance after having everything under control. They thought it would be fine to loosen up the tight health protocols and as the outcome, a new strand of the virus existed which appeared to be much more epidemic compared to the present ones. Dead bodies are being cremated in masses and just imagin how aweful the smell it will be producing. Most of their hospitals falls short of oxygen and their rooms are getting filled as other patients fails to be accomodated.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: iamsheikhadil on May 08, 2021, 11:05:57 AM
Considering how hard the pandemic hit them, it will definitely affect their economy in the present and in the future. It was actually caused by their complaisance after having everything under control. They thought it would be fine to loosen up the tight health protocols and as the outcome, a new strand of the virus existed which appeared to be much more epidemic compared to the present ones. Dead bodies are being cremated in masses and just imagin how aweful the smell it will be producing. Most of their hospitals falls short of oxygen and their rooms are getting filled as other patients fails to be accomodated.

It's funny but extremely sad at the same time that you mentioned about the "smell" of the dead bodies :/ I mean they are human beings, well, I agree with your other points, after September, when the graph started to decline, everyone thought it would be just okay to be free again, everything opened, malls, theatres, as if the virus never existed lmfao. And that led to this!


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: AicecreaME on May 08, 2021, 03:17:18 PM
India is going through a rough patch by now. Last year, they made a bad decision that has been haunting them now. They decided to push through their traditional festival which involves religious gathering that was attended by millions of people around the world. That was called a "super spreader" because during that time, it was already pandemic. Hence, a lot of people contacted the virus and spread it to others without them knowing.

Now, they are facing the repercussions of their bad decision making. Their economy is declining. The situation there was televised the other day here in our country. It was pitiful. A lot have died and were just cremated in an empty parking lot due to full crematoriums. They badly needed oxygen tanks. Most cities and provinces were put on a curfew. Even though it was just a curfew, it looked like they were in lockdown because the places looked like a ghost town. Only few establishments are open. Strict implementation of safety protocols are done.

If this will last, it will surely cause a great trouble to India's economy. Their citizens will most likely feel the hardship as time passes by. Let's all hope for the better and if we have a spare money, we can donate to help and ease their difficulties.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: blockman on May 09, 2021, 10:03:52 PM
The economic resiliency of India can be settled for now but the second wave that they're experiencing might pull that performance that their economy has shown of being resilient.
But it won't always be on that situation, nothing more or less but we all want India to have that recovery first on the second wave that they're experiencing.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: Sithara007 on May 10, 2021, 03:54:17 AM
The economic resiliency of India can be settled for now but the second wave that they're experiencing might pull that performance that their economy has shown of being resilient.
But it won't always be on that situation, nothing more or less but we all want India to have that recovery first on the second wave that they're experiencing.

Lockdowns and restrictions in movement will clearly have a negative impact on the economy. And from what I have heard, almost all the states have now imposed the lockdown in India. This will worsen the unemployment situation, and cause a further dip in the GST collection. Right now most of the states have imposed lockdown only for one or two weeks, but in all probability they are going to extend it even further. Because no sign of a slowdown in the infection has been noticed as of now.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: Iceblast on May 10, 2021, 03:59:58 AM
As has been reported in the media, if the huge increase in Covid 19 cases in India will have an impact on the economy that will easily collapse. I think it has happened at this time even many predictions say tens of millions of people in India are already experiencing economic difficulties this is very worrying for India


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: awik p on May 10, 2021, 04:29:40 AM
The economic resiliency of India can be settled for now but the second wave that they're experiencing might pull that performance that their economy has shown of being resilient.
But it won't always be on that situation, nothing more or less but we all want India to have that recovery first on the second wave that they're experiencing.

Lockdowns and restrictions in movement will clearly have a negative impact on the economy. And from what I have heard, almost all the states have now imposed the lockdown in India. This will worsen the unemployment situation, and cause a further dip in the GST collection. Right now most of the states have imposed lockdown only for one or two weeks, but in all probability they are going to extend it even further. Because no sign of a slowdown in the infection has been noticed as of now.
The slowdown in infection that occurred in India should be supported by all groups in the country. if the government is actually already good at implementing health protocols, but vice versa with the community, then this will be ineffective, and of course the impact on the economic sector due to limited movement


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: bryant.coleman on May 10, 2021, 05:14:18 AM
The slowdown in infection that occurred in India should be supported by all groups in the country. if the government is actually already good at implementing health protocols, but vice versa with the community, then this will be ineffective, and of course the impact on the economic sector due to limited movement

The government can't do anything if the people refuse to obey the rules. I am a regular visitor to India for the last two decades and nowhere in the world you can find people who have such scant respect for the laws and regulations. Most of the Indians believe that it is cool to break the laws and show their arrogance in front of others. If people had obeyed the social distancing protocols, then this third wave could have been avoided. And it is always easy to blame the government for the current situation.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: DrBeer on May 10, 2021, 11:56:17 AM
The slowdown in infection that occurred in India should be supported by all groups in the country. if the government is actually already good at implementing health protocols, but vice versa with the community, then this will be ineffective, and of course the impact on the economic sector due to limited movement

The government can't do anything if the people refuse to obey the rules. I am a regular visitor to India for the last two decades and nowhere in the world you can find people who have such scant respect for the laws and regulations. Most of the Indians believe that it is cool to break the laws and show their arrogance in front of others. If people had obeyed the social distancing protocols, then this third wave could have been avoided. And it is always easy to blame the government for the current situation.

This is not "exclusively Indian" behavior, it is very common for many. The only question is probably in the scale and depth of the denial of the rules. I am most worried about the behavior of certain groups - they are not some kind of fools, but rather organized, large groups of people:
- parishioners of churches. Especially in our country they try to behave "against logic" - the clergy and parishioners of the Russian Orthodox Church. In the midst of the epidemic, they urged parishioners to gather as often as possible in their church, to ignore the rules of protection, explaining the appearance of Covid as punishment for homosexuality, sin, moral degradation, alienation or rejection from their church. Rights very soon representatives of their church began to die en masse from the very same Covid, which caused a huge amount of "black humor".
The second part - these are political forces, usually socialist or near communist currents, which gathered the people "in spite of the imperialists". The arguments were similar to those of the clergy of the Russian Orthodox Church. The results are identical.
Moreover, if the latter were sometimes forced by the police to stop mass events, then it is difficult to influence the church in our country - it is separated from the state, and in fact it is a "country within a country." The results of all this were not long in coming - after 1-2 months they received a new outbreak of the incidence



Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: arwin100 on May 10, 2021, 01:25:57 PM
The slowdown in infection that occurred in India should be supported by all groups in the country. if the government is actually already good at implementing health protocols, but vice versa with the community, then this will be ineffective, and of course the impact on the economic sector due to limited movement

The government can't do anything if the people refuse to obey the rules. I am a regular visitor to India for the last two decades and nowhere in the world you can find people who have such scant respect for the laws and regulations. Most of the Indians believe that it is cool to break the laws and show their arrogance in front of others. If people had obeyed the social distancing protocols, then this third wave could have been avoided. And it is always easy to blame the government for the current situation.

Look at the videos spread over the net there's no proper protocol has been followed and even if they are in hospitals with covid positive patience brought many of them still didn't wear their facemask properly so expect that there are more worse case to come if people will not be careful on their actions, if this virus will hardly hit them and government cannot solve this their econimy will possibly collapsed.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: Vishnu.Reang on May 10, 2021, 02:28:48 PM
This is not "exclusively Indian" behavior, it is very common for many. The only question is probably in the scale and depth of the denial of the rules. I am most worried about the behavior of certain groups - they are not some kind of fools, but rather organized, large groups of people:
- parishioners of churches. Especially in our country they try to behave "against logic" - the clergy and parishioners of the Russian Orthodox Church. In the midst of the epidemic, they urged parishioners to gather as often as possible in their church, to ignore the rules of protection, explaining the appearance of Covid as punishment for homosexuality, sin, moral degradation, alienation or rejection from their church. Rights very soon representatives of their church began to die en masse from the very same Covid, which caused a huge amount of "black humor".
The second part - these are political forces, usually socialist or near communist currents, which gathered the people "in spite of the imperialists". The arguments were similar to those of the clergy of the Russian Orthodox Church. The results are identical.
Moreover, if the latter were sometimes forced by the police to stop mass events, then it is difficult to influence the church in our country - it is separated from the state, and in fact it is a "country within a country." The results of all this were not long in coming - after 1-2 months they received a new outbreak of the incidence

Being an Indian resident, I would like to summarize what is going on here:

1. Religious institutions are still open and people can be seen in temples, churches and mosques without any sort of social distancing
2. There is widespread propaganda among the Muslim community that taking the vaccine for COVID 19 will make the recipients impotent. And this has resulted in a very low vaccine intake among the Indian Muslims.
3. The opposition is using the pandemic to target the government, with scant regard for people's lives. On one hand, they are using Whatsapp and Facebook to spread fake propaganda such as organ stealing is going on in hospitals and on the other hand they are attacking the government for low vaccination
4. Bureaucracy and red tape is costing thousands of lives in India. Sputnik V vaccine applied for license more than two months back, and the government hasn't yet made it available in the hospitals.
5. And finally, despite the lockdown measures a lot of people are still roaming around spreading the virus.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: Gheka on May 10, 2021, 03:28:27 PM
As has been reported in the media, if the huge increase in Covid 19 cases in India will have an impact on the economy that will easily collapse. I think it has happened at this time even many predictions say tens of millions of people in India are already experiencing economic difficulties this is very worrying for India
The number may be higher than what you say as Covid's situation in this country is getting worse, every morning I read information about India, almost the number of deaths increased very rapidly, accompanied by this problem is a very serious shortage of services, their health care facilities are not sufficient to deal with the current epidemic, the economy is deteriorating in the process. Perhaps starvation and backwardness will unfold in the Indian economy over the next few years, a support is also relatively difficult as nations are trying to protect them before helping someone.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: blockman on May 10, 2021, 08:18:56 PM
The economic resiliency of India can be settled for now but the second wave that they're experiencing might pull that performance that their economy has shown of being resilient.
But it won't always be on that situation, nothing more or less but we all want India to have that recovery first on the second wave that they're experiencing.

Lockdowns and restrictions in movement will clearly have a negative impact on the economy. And from what I have heard, almost all the states have now imposed the lockdown in India. This will worsen the unemployment situation, and cause a further dip in the GST collection. Right now most of the states have imposed lockdown only for one or two weeks, but in all probability they are going to extend it even further. Because no sign of a slowdown in the infection has been noticed as of now.
Just like the other countries that have imposed lockdowns, it has increased the unemployment and made the economy worse because there are a few people that work and they're the only essentials.
I think lockdowns did help to mitigate the spread of the virus but that's a given result for doing it, economy going down but that's temporal.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: Sithara007 on May 11, 2021, 04:20:23 AM
Just like the other countries that have imposed lockdowns, it has increased the unemployment and made the economy worse because there are a few people that work and they're the only essentials.
I think lockdowns did help to mitigate the spread of the virus but that's a given result for doing it, economy going down but that's temporal.

Around 20%-30% of the Indian population are migrants from the villages who are employed in informal sectors in the urban centers. This section was the hardest hit group during the lockdowns. As long as the pandemic is there, this group will be mostly unemployed. The reason is that the middle class is mostly staying at home and they are not employing these migrants. Even without the lockdown, they were in a precarious situation. The lockdown just made things worse for them.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: Xinarae* on May 11, 2021, 05:13:56 AM
The lockdown started across the country due to last year's corona ban is still much looser than that. But in some states coronary heart disease is on the rise  they have taken some drastic steps it has had an impact on the economy about 3.7 lakh corona cases have been reported in the country more than three and a half thousand people have died lockdown has started somewhere locally to avoid infection. A number of retailers and wholesalers have been hit hard causing the economy to decline further many people have become unemployed due to the lockdown.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: Vishnu.Reang on May 11, 2021, 12:40:08 PM
The lockdown started across the country due to last year's corona ban is still much looser than that. But in some states coronary heart disease is on the rise  they have taken some drastic steps it has had an impact on the economy about 3.7 lakh corona cases have been reported in the country more than three and a half thousand people have died lockdown has started somewhere locally to avoid infection. A number of retailers and wholesalers have been hit hard causing the economy to decline further many people have become unemployed due to the lockdown.

Shop owners are negatively impacted, as most of the people now prefer to purchase various items from online retailers. No one really want to risk infection by going to shops and purchase items on their own. BTW, uber-rich Indians have now managed to get out of India and tens of thousands of them are currently stationed in countries such as the UAE and Maldives. Within India, the tourist sector is essentially dead. And the situation is likely to remain as such for the remainder of this year.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: DrBeer on May 12, 2021, 09:10:21 PM
Being an Indian resident, I would like to summarize what is going on here:

1. Religious institutions are still open and people can be seen in temples, churches and mosques without any sort of social distancing
2. There is widespread propaganda among the Muslim community that taking the vaccine for COVID 19 will make the recipients impotent. And this has resulted in a very low vaccine intake among the Indian Muslims.
3. The opposition is using the pandemic to target the government, with scant regard for people's lives. On one hand, they are using Whatsapp and Facebook to spread fake propaganda such as organ stealing is going on in hospitals and on the other hand they are attacking the government for low vaccination
4. Bureaucracy and red tape is costing thousands of lives in India. Sputnik V vaccine applied for license more than two months back, and the government hasn't yet made it available in the hospitals.
5. And finally, despite the lockdown measures a lot of people are still roaming around spreading the virus.

Thank you, very informative, and perhaps more realistic than articles in the media.
I have only 1 question - about "Sputnik" - why do you have such an interest in this dubious drug? How can it be useful for India, if its production in the Russian Federation is insignificant, it is not enough even to cover its internal needs, while in India itself, the CoviShield vaccine is produced, which is certified, and it has been tested for safety?


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: Vishnu.Reang on May 13, 2021, 02:40:49 PM
Thank you, very informative, and perhaps more realistic than articles in the media.
I have only 1 question - about "Sputnik" - why do you have such an interest in this dubious drug? How can it be useful for India, if its production in the Russian Federation is insignificant, it is not enough even to cover its internal needs, while in India itself, the CoviShield vaccine is produced, which is certified, and it has been tested for safety?

We don't have any other choice.

I am waiting for my turn ever since the vaccination program started in India (3 months back). But for now, those who are aged below 45 has no chance of getting a slot, at least for the next 2-3 months. Covishield and Covaxin are being manufactured in India at a rate of around 1.5 million doses per day. And the government has specified that those who are above the age of 45 years will be given priority and those aged <45 are low priority for them. As per the government directive, 70% of the vaccine supply has to be used as the second dose.

A number of my relatives and friends have recently died as a result of COVID. At this point, I really don't care whether it is Sputnik or Sinovac. I just want to get vaccinated using any vaccine that is available. And the strain that has emerged in India (B.1.617) seems to be a hundred times more contagious than the original strain.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: aysg76 on May 13, 2021, 05:11:29 PM
April 2021 set a new record of Rs. 1,41,384 crore in GST collection in india.
Despite the second wave of COVID-19 pandemic effecting several parts of the country.
Indian business have once again shown remarkable resilience by not only complying with the return filing requirements but also paying their GST dues in a timely manner during the month.
     The finance ministry said in a statement.

 IT good for county economic?

The government has gained much from IGST which contributes nearly half of the GST collection amount as imports for various medical equipment's and other necessary items increased during this second wave of pandemic.The government has not given much tax relaxation to businesses inspite of such worst circumstances in the country as number of cases are rapidly increasing with fall in oxygen supply and beds to the patients.The politicians and parties are most probably busy in collecting taxes and Fund from the PM care fund for personal utilization.Private hospital are charging so much which are unbearable by middle and lower class families and you cannot imagine the real situation of citizens.In hour of need government need to setup tax liabilities for large scale business houses who are making profits and have a deep check on people trying to create any supply shortage in the market and once the conditions are normalised then once again implement same tax structure.


Title: Re: April 2021 set a new record India. How much effect in Indian economy?
Post by: DrBeer on May 13, 2021, 06:28:03 PM
Thank you, very informative, and perhaps more realistic than articles in the media.
I have only 1 question - about "Sputnik" - why do you have such an interest in this dubious drug? How can it be useful for India, if its production in the Russian Federation is insignificant, it is not enough even to cover its internal needs, while in India itself, the CoviShield vaccine is produced, which is certified, and it has been tested for safety?

We don't have any other choice.

I am waiting for my turn ever since the vaccination program started in India (3 months back). But for now, those who are aged below 45 has no chance of getting a slot, at least for the next 2-3 months. Covishield and Covaxin are being manufactured in India at a rate of around 1.5 million doses per day. And the government has specified that those who are above the age of 45 years will be given priority and those aged <45 are low priority for them. As per the government directive, 70% of the vaccine supply has to be used as the second dose.

A number of my relatives and friends have recently died as a result of COVID. At this point, I really don't care whether it is Sputnik or Sinovac. I just want to get vaccinated using any vaccine that is available. And the strain that has emerged in India (B.1.617) seems to be a hundred times more contagious than the original strain.

You can't risk your health like that! It is still difficult to say what could be more harmful - a mild form of Covid or the consequences of a dubious drug ...
So I will remind you once again - Sputnik V will not help you in any way, it is simply not physically available in the volumes that are needed. And you have your own full-fledged and very powerful production. Moreover, a high-quality vaccine is sufficient. Let not the best, but already proven and predictable in terms of efficiency. Moreover, today the developers of Sputnik V have not provided all the necessary data and continue to manipulate data on the drug, so the World Health Organization (WHO) does not approve of this dubious drug to be used even for emergency use ...

We have approved:
Oxford / AstraZeneca (actively used)
Pfizer / BioNTech (delivery pending, highly limited volume)
Sinovac (actively used)
Jannsen seems to be expected, but I can't say for sure.
I'm really more interested in Moderna - they write that it is effective against virus strains.