Question

does various tax saving schemes are the reason for collapsing indian economy

Answer 1

$\huge\bf{{\color{indigo}{A}}{\color{maroon}{N}}{\red{S}}}$

⇨ GST the biggest tax reform in India founded on the notion of “one nation, one market, one tax” is finally here. The moment that the Indian government was waiting for a decade has finally arrived. The single biggest indirect tax regime has kicked into force, dismantling all the inter-state barriers with respect to trade. The GST rollout, with a single stroke, has converted India into a unified market of 1.3 billion citizens. Fundamentally, the $2.4-trillion economy is attempting to transform itself by doing away with the internal tariff barriers and subsuming central, state and local taxes into a unified GST.

Answer 2

Answer:

To analyse the reasons for the slowdown, one needs to start with the boom of the 2000s when there was a steep rise in domestic saving and investment rates, rising bank credit growth and a flood of foreign capital inflows (accruing mostly to the private corporate sector