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Healthy or unhealthy India: taxes, freebies, the rise of packaged food, new rich & new age politics
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In this episode with Pavan Sharma, the partner of BCL India, an advisory and audit firm, we decode India by the numbers just as the elections are underway. Please download the report (https://tinyurl.com/yxykv3pv) for you to understand what Pavan is analyzing. All data sources mentioned in the PDF.
We analyze the Centre versus State tax conflicts, climate change, income growth, rise of the middle-class, jobs and the conflicts within youth employability.
Part 1 - Tax bouts, realities of freebies and Consumption.
00:00 - Introduction
02:50 - The heart of the conflict between India States and the Centre.
05:35 - The formula for tax sharing between States - the fair or unfair ask.
08:30 - The opposition narratives when it comes to Tax.
13:00 - The Human Development index, tax incentives for States.
15:25 - No freebies to youth please - differentiate between necessity and needs.
16:33 - The narrative of freebies - where will the money come from.
21:55 - Income Classes in India: the real truth.
24:35 - What do our income classes own - 92 million Indians earn Rs 12 lakh per year and this is growing. This is what capital loves.
Download our analysis: https://bclindia.in/indeco-apr24/
Part 2:
28:49 - Household consumption and its interesting numbers - India is spending and is typical of a growing economy.
31:40 - Unhealthy nation: falling cereal and vegetable consumption, rise of packaged product consumption.
38:10 - The new billionaires who earn Rs 13 lakhs per day.
41:00 - Indian disparities.
42:12 - Where is India's wealth locked up?
43:20 - Analyzing India can be daunting - different reports, different analysis and the future of wealth creation.
45:38 - Unemployment in India - 45 percent of graduates are unemployed and the need to invest in training or reskilling.
52:22 - Climate change, lack of water and more.
54:30 - Who pays in India to keep things moving?
58:45 - Our energy sustainability
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