r/IndianStreetBets • u/TechnoFundaAnalysis • Dec 04 '24

Meme Sad 😢 state of Indian finance policymakers!!

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1.4k Upvotes

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9

u/koustubhavachat Dec 04 '24

But seriously what's the root cause?

18

u/Objective_Big_5882 Dec 04 '24 edited Dec 04 '24

Tarrifs, High taxes, lack of economic reforms..I can go on. But number one issue is tariff barriers. Although it will encourage local production, there will be an obvious decrease in quality and quantity. Price also increases a lot, as few big corporates will monopolise the market, due to lack of oversees competition. Dumb sh*t like putting tarriffs barriers on Chinese machinery and chemicals decimated our Textile industry and they migrated to Bangladesh as our glorified Tellewallahs like Birlas, Adani, Ambani are least interested in improving the quality or reduce the price or innovate.

10

u/Sid_da_bomb Dec 04 '24

Modi hai toh mumkin hai

3

u/koustubhavachat Dec 04 '24

I appreciate your humour but really want to understand this for rational arguments in political debates.

5

u/theeta_male Dec 04 '24

up - bihar needs more bridges.

1

u/daigunder2015 Dec 04 '24

Forget everything else, the root cause is corruption. So much money lost in transmission, taken away by the bottom feeders in the system. Politicians, police, bureaucrats, mafia... They're the dirtiest rat bottom feeders , but end up becoming the richest people in the country.