Comments by "红火树 RedFireTree" (@firetree2007) on "India budget 2024-25 highlights: Major overhaul in direct and indirect taxes | India news | WION" video.

  1. India, with its long history, traditions, religions, and the social and cultural structures formed around them, is unlikely to change its caste system by nature. This system has already determined that the rich will become richer and the poor will remain poor. Although India defines its middle class as large, when compared to standards in developed nations, it is actually quite small. As a result, the majority of the population is very poor. The few rich individuals cannot spend enough to drive the country's economic consumption. Since India's growth largely depends on internal consumption, this lack of broad-based consumption will eventually slow the country's growth, making a 7-8% growth rate unsustainable.
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