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by intended
3186 days ago
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I have lost or cancelled a truly significant number of orders for capital goods as a concequence of GST alone. This is on the backs of a ridiculous plan to demonitize cash, in a cash based economy. We saw an immediately slow down when GST hit. Certain sectors were entirely dead - real estate - for a while. It’s been nearly 6 months, and the pain in the informal sector is now whip lashing its way into the formal economy. Indians are born children - you are not taking toys away to make them behave. |
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