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20 sats \ 3 replies \ @Undisciplined 23 Jan \ on: India’s Economy Slows Down Just When It Was Supposed to Speed Up econ
I think it's fairs to refer to the Covid period as an economic recession, but you're right that it happened everywhere.
People tend to be pretty sloppy with the "slowing down"/"speeding up" analogy for macro economies. The best analogy for velocity is just GDP, because that's the measure of economic activity. Economic growth is like acceleration.
So, India's economy is still speeding up, but it isn't accelerating quite as hard.
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21 sats \ 2 replies \ @Coinsreporter OP 23 Jan
Yes, it isn't accelerating 9 to 10% you but I don't think a minor drop in some years is bad. At least it warrants a warning what needs to be done.
They are thinking about a tax cut and I'm very much hopeful that a cut will again pump the demand.
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20 sats \ 1 reply \ @Undisciplined 23 Jan
A tax cut would be great. It might be even better for India to get some deregulation, though.
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39 sats \ 0 replies \ @Coinsreporter OP 23 Jan
Fyi, they tax Bitcoin profits at 30.2% + 1% in TDS. But this is for people selling, I don't really care. I don't even care for tax cut for fiat, I'm not paying, I won't be paying, I'm a rebel, haha.
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