The fact that we are taxing several items, including some commonly used goods, at a steep 28% rate is alarming and defies logic
The Indian economy has been celebrated for being remarkably resilient. In the face of the 2008 global financial meltdown, India did not figure in the list of dominoes that fell. The effects of the global recession did not appear to have as much of an impact on India’s economy as they did on several large economies that were fully integrated with the global market. After the 2008 financial crisis, the Indian economy more or less recovered from the setbacks it suffered at the time.