Hacker News new | ask | show | jobs
by wtmt 1532 days ago
The base sales tax, which is GST in India, is also a lot higher (18%) than the average in the US (guessing it would be around 8%). A decent chunk of the population would be able to afford iPhones only if Apple reduces prices drastically and the GST rate goes to 12% or 5%. Neither of these are likely.