{ "media_type": "text", "post_content": "Anyone watch Arvind Subramaniam’s interview on NDTV. Slowing economy, exports and tax revenue down. BJP needs to wake up", "post_id": "5e0794b5a5a53d001a53a6eb", "reply_count": 9, "vote_count": 1, "bowl_id": "58f8108c753e990016608a0b", "bowl_name": "Desi Consultants" }

Anyone watch Arvind Subramaniam’s interview on NDTV. Slowing economy, exports and tax revenue down. BJP needs to wake up

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They are up. They just have no clue what to do about it. Did you watch the chief ministers of Punjab and chattisghar on YouTube ? Apparently they haven’t received a dime since August of the collected GST revenue. Finance minister says she thought they were collecting state revenue themselves ( states) and these guys saying money goes straight to center. What a bunch of buffoons

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No tax revenue collection is actually down which is what surprised me

Brilliant talk. Btw what surprised me was that wasn't overtly critical of the government policies. Gave credit for GST which not a lot of folks are willing to do. Economists across the political spectrum are advising that put money in the hands of rural consumers. Hopefully BJP does it sooner than later. History will be lot kinder to Modi if he does

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Agree 100%. Probably couldn’t be too critical. He was CEAC for four years

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I wonder why exports are down. That’s odd

Not really, every economist worth his/her/their salt have been relatively positive on GST from whatever little research I did (exception being subramaniam swamy). One thing this government is doing is that they are taking necessary/unpopular decisions which will help in the long run. Absolutely woeful on implementation, which I guess is a reflection on the Indian government apparatus, not just the BJP

Well the GST in general is good right, you need a structured tax revenue system. But as you say implementation was poor. Constant flip flopping and then some ridiculous GST charges like 18% in services.

The economy needs some steroids and all it gets is “ab Kya hi kar sakte hai” ... we have skilled labor. We have a lot of money in liquid form that’s not invested in the market. Provide the right environment for investments to flow in and industries/services will employ people and bring back the growth. An atmosphere of fear/uncertainty has made it very difficult for investors to trust the system.

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