Local specialization, since INDIA is culturally rich, must be
promoted... Sell the unique INDIA... to create employment...
Food processing in the INDIAN dishes has a scope... Agricultural
land and labour are big advantages, too...
Revenue is also dependent on demand supply growth
expectations...
More precisely trade cycles are imminent too...
Inflation/deflation or volatility is a problem if it persists or
extreme... Prices help adjust demand supply growth expectations through value
for money...
The central bank’scommunication might help improve expectations
by highlighting long run potential instead of short run dynamics which might
change soon...
The lower inflation is a big plus for spending and growth if
wages/incomes/profits increase due to lower borrowing cost expectations and
higher demand, supply and growth expectations...
It has worked well on inflation expectations...
The GST/VAT on business and capital investment on value addition
is not much different from income tax on jobs and labour employment value
addition...
Too much discrepancy would increase inequality in the model...
Reservation for any would be inequitable...
One of the stylized facts is that the share of labour and
capital would be equal in the long run in a bid to increase empl0yment and
investment...
Lower taxes on labour might, again, lower cost and prices thereby
increasing productivity and competitiveness... would increase demand supply
growth expectations...
No comments:
Post a Comment