2. Empowering Education: Indian govt focused on Higher Education: Indian 23 IITs budget is $1+ Billion & similar for management institutes IIM.
Our 116+ Universities get only a total higher education budget of $0.286 Billion & in the last 4 years, almost no increase in PKR even.
Our 116+ Universities get only a total higher education budget of $0.286 Billion & in the last 4 years, almost no increase in PKR even.
3. Deregulation: India divided all troubling provinces into small ones.
The size of Balochistan is larger than any state of India.
Also, India gave tax collection & spending both to provinces. The more they collect, more they can spend. By 18th amendment, we just gave spending.
The size of Balochistan is larger than any state of India.
Also, India gave tax collection & spending both to provinces. The more they collect, more they can spend. By 18th amendment, we just gave spending.
4. Lower import duties & strong customs: India made custom duties lower even in difficult times under IMF. This allowed competition for local companies & started working. we have up to 100%
Also, not common in Indian to import something escaping customs or by lower declaration.
Also, not common in Indian to import something escaping customs or by lower declaration.
5. Higher taxes on non productive sectors, property:
People save money & they want to invest we have a common sector property which is easy.
India sets very high long term taxes 20%+ income tax on property, we have 0%.
Also defined agricultural land, cannot be used for property
People save money & they want to invest we have a common sector property which is easy.
India sets very high long term taxes 20%+ income tax on property, we have 0%.
Also defined agricultural land, cannot be used for property
6. Fixed policies: Indian changing governments never changed long term tax policies. We have a sudden jump in taxes, every year like Super Tax this year,
How can foreign investor trust that after establishing a company we will not have another super Tax?
How can foreign investor trust that after establishing a company we will not have another super Tax?
Much more about tax and other reforms in indiabefore91.in, 1991 was last IMF program by India.
Maybe Indians can highlight more things in the comments:
Maybe Indians can highlight more things in the comments:
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