View: India needs to choose the economy it wants - Toyota or pakora?

India must break out of this vicious cycle in which taxes are high, consumer demand is low, investment and job creation are constrained, and wage incomes are insufficient to boost purchasing power at the bottom of the pyramid. Taxes are hence exorbitant and have to be collected from a small consuming class that can afford a $23,000 Toyota sedan.

from News-Economic Times https://ift.tt/3iT1iu8