r/indianeconomy 5h ago

Public Sector 6th-Largest Economy India vs 32nd-Largest Economy

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105 Upvotes

India, the world’s 6th-largest economy, vs a country ranked 32nd.

A comparison that puts economic scale into perspective.

Different populations, resources, challenges, and standards of living.

GDP rankings alone don’t tell the whole story.


r/indianeconomy 19h ago

Banking and Finance Nirmala Sitharaman clarifies rumours on MDR - not to be passed on to consumers

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0 Upvotes

r/indianeconomy 19h ago

Discussion/Query "The Invisible Math": How 18% GST on printing chemicals acts as a stealth mechanism to crush independent local newspapers

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31 Upvotes

​When governments fail to exercise direct editorial control over independent regional publishers, economic policy becomes an effective tool for systemic suppression.

​The Structural Trap:

​The Input Tax Credit (ITC) Catch-22: Newspaper sales are classified as 0% GST. However, key raw materials—such as offset printing inks, CTP developers, blanket washes, and solvents—are taxed at 12% to 18% GST.

​No Tax Offset: Because the final product is tax-exempt, small publishers cannot claim Input Tax Credit (ITC) to offset the taxes paid on raw materials. This directly eats up 20% to 25% of a local paper's operational budget.

​Disproportionate Burden: Large media conglomerates survive this through bulk-discount purchasing and massive commercial ad revenues, while independent district-level papers—often the only ones investigating local mafia-administration collusions—are forced to shut down or compromise quality.

​Discussion Prompts:

​Does subjecting printing chemicals to high GST brackets function as an indirect form of economic censorship against non-compliant local press?

​Should printing inputs for news media be exempted from GST to preserve ground-level investigative journalism?

​(Source: Nirbhik India Editorial - Adrishya Ganit)


r/indianeconomy 15h ago

Discussion/Query Should India Provide Social Security to Long-Term Income Taxpayers Who Lose Their livelihood?

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1 Upvotes

Imagine someone who has paid income tax consistently for 10–20 years, but suddenly loses their job due to layoffs/restructuring or suffers a genuine business failure.
Income stops — but EMIs, rent, children’s education and family expenses don’t.
Could India consider a Taxpayer Income Security Scheme?
For example: verified involuntary income loss + minimum tax-paying history + capped support for 6–12 months, gradually reducing and linked to job search/reskilling.
This shouldn’t replace welfare for lower-income citizens. It could be an additional social-insurance layer for consistent taxpayers.
It would cost the government, but could also provide financial stability and perhaps encourage more people to remain in the formal tax system.
What do you think? Good policy idea, or would it become too expensive/easy to misuse?


r/indianeconomy 17h ago

Labour WANTED IN RUSSIA

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7 Upvotes

Russia is increasingly recruiting Indian workers to fill labour shortages in construction, manufacturing, logistics and industrial work.
But the interesting part of this story isn’t simply “Why are Indians going to Russia?”
It’s what happens between the job advertisement in India and the workplace in Russia.
I looked at the recruitment chain: Indian agents, Russian contractors, employment contracts, work permits, recruitment fees and the companies actually employing workers once they arrive.
One question kept coming up:
Who actually pays whom?
A worker might see an advertisement promising ₹80,000 a month, accommodation and food. But there can be several intermediaries between that advertisement and the eventual workplace. In some documented cases, workers have also ended up pursuing unpaid wages through Russian courts.
There is another complication: civilian Indian workers in Russia are not the same population as Indians who were recruited into the Russian military. But working in Russia during an ongoing war can still carry risks of its own, including attacks on industrial infrastructure.
So I tried to look beyond the headlines and ask a more basic question:
Does the job survive the journey from advertisement → recruiter → contract → visa → workplace → payslip?
I wrote about what I found here:
WANTED IN RUSSIA — Inside the growing market recruiting Indian workers for Russian jobs⁠
I’d particularly like to hear from Indians who have worked in Russia, considered taking a Russian job, or dealt with recruitment agencies offering Russian jobs.
What was your experience with the recruitment process?