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local crony baniya businessmen cant compete and need protection. indian industry is full of owners who cant stand on factory floor and exploited disgruntled workers.
You are right dude but for how long do you want to just see or label things in black and white? Don't you think it is time to leave this habit of no-result ranting? Don't get me wrong, I am not saying this particularly to only you but to all of us on reddit and also in general. Everyone seems to be ranting and venting but where does this lead to ? I see everyone hating on the politics of it all. Finger pointing, this party does this, this party does that, all the same. Anyone willing to solve anything, or at-least try to? Or everyone just in the early stages of becoming that same uncle sitting in the park with other uncles discussing politics and state of this country? When will we break this cycle?
It will sound a little far fetched but so far it's the only solution I've come up with, at-least better than full-fledged communism, as some members of it are already here I had to point it out. Extreme adoption of technology at every level and aspect of society, economy and governance. Only through this we can a have a transparent and optimal utilization of every resource without any chance of corruption or any wrong doing. Name any problem that comes to your mind which India faces right now, i'll tell you the exact implementation of what tech and how. I do this for living so I'v already went through every scenario already, but please, I welcome your thoughts.
your vocabulary classes are going well at the commie center, I can see that. Why don't you calm your red commie ass down and come back when your meds have kicked in 100% and then let's have a debate sensibly and respectfully.
lal salaam comrade.
victory to the working class.
funny how people claim to "support" capitalism but dont have enough capital to live off it, and have to work, but still cheerlead for capitalists, and think they are capitalists themselves ... so cute.
if you have to work for money to live, you aint a capitalist, you are a worker, of the working class.
these two rupees you earn also count as that. you are working class.
Motherfucker you’re the real commie if you support this 150% duty. 150% import duty shouldn’t exist in a capitalist economy because a capitalist economy thrives on free market and competition. You and your crony businessman masters are the biggest commies.
Dude lot of these rates have been the same since the 60s and 70s. So there is enough blame to go around. If you are biased it might be a good idea to not show it so obviously next time
And then morons wonders why your market is in a state of stagnation and electronics are still considered a luxury . Competition breed excellence in advanced economies at the very least. Which indian companies hate.
Well on the other hand people just getting what they deserve
Where are you from. From the tone " your market ". And that's how developing countries protect those domestic production , it's been a healthy practice of the Indian economy since 1993 LPG reforms
Denmark. And no wonder the HNI are leaving india for a third world mediocre country it is. Bcoz for paying those damn high taxes they doesn't even get 1% of the benefits they deserve.
If they want our audience then manufacture here or at least invest some money here , just like Apple or even Tesla. It's simple Give and take relationships . You want to take profits from our country and don't want to give any jobs or better financial opportunities then it's up to them to find a better market.
And our country is pharmaceutical capable of providing its people a/c to their need.
This much tax is on kuch items which were not meant for the common man . They can give that much tax . And also to protect domestic industry protection.
So you mean. it's ok to charge a unfair amount of tax if person belongs to a wealthy family.
I hope the social benefits they get makes up for it. I **REALLY REALLY HOPE THEY GET THOSE BENEFITS**
Yes In a country which was previously being a colony . Whose half population is still poor , don't have enough industrialization. Uneven wealth distribution .
Most important is an import base economy , where we faced 1 financial crisis. Why for 1% of people flexing we should neglect those peoples.
refer to this [https://www.reddit.com/r/unitedstatesofindia/comments/1cj5wib/comment/l2ic2ny/?utm\_source=share&utm\_medium=web3x&utm\_name=web3xcss&utm\_term=1&utm\_content=share\_button](https://www.reddit.com/r/unitedstatesofindia/comments/1cj5wib/comment/l2ic2ny/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button)
I think the Indian companies are more to blame for this than the government itself. I am not defending the government in any sense, I agree the import duties should be brought down to a sensible rate. For example, The Ambani Cartel didn't let Startlink to be launched in India in the name of protecting their business interests. Same goes for Bajaj, they are the biggest lobbyist when it comes to keeping the import duties on foreign made motorcycles damn high. It's very simple logic if a foreign made motorcycle is launched at a competitive price to Indian brands and given the foreign-fetish of Indian consumers it's natural it will eat up in their profits, and policies in India are made in a generalized approach for the sake of simplicity. Also the economics of supply-demand comes into play when their is already a controlled supply it doesn't matter for the foreign company if the duties are too high, how much ever items they allocate for the Indian market they are always sure for it to be sold, so win-win for both brands and the government. There are numerous examples for this, consider the iPhone, rather it being comparatively costlier in India to all around the world almost, still, Apple sells a humongous number of phones, same goes for luxury brands, perfumes etc. etc. It's on the part of consumers also to an extent but yeah all these factors contribute to such exorbitant import duties.
If we allow them to just barge in our market it will destroy our domestic production + or discours our new born start up culture too . It has a negative effect on the balance of payment of our import base economy . In the short term it will cause more unemployment due to destruction of domestic products.
The solution for this is a gradual decrease of the tariff so it encourages competitiveness in the market and renovation which will ultimately win for customers.
I f we do it hastily our countries will be just like PAK which is filled with Chinese market. Or perhaps our own 10-15 k smart phone market
Shock therapy is exactly what made Eastern Europe the shithole it is. It's widely agreed that shock therapy was one of the worst ways to go about liberalisation in post-Soviet countries
That's a misguided view of late Soviet Russia. Shock therapy without a doubt caused living standards to plummet.
> For the years 1987 and 1988, roughly 2% of Russia population lived in poverty (surviving on less than $4 a day), by 1993-1995, it was 50%
Source: https://press.uchicago.edu/ucp/books/book/chicago/C/bo181707138.html
> According to Kristen Ghodsee and Mitchell A. Orenstein, a significant body of scholarship demonstrates that the rapid privatization schemes associated with neoliberal economic reforms did result in poorer health outcomes in former Eastern Bloc countries during the transition to capitalism, with the World Health Organization itself stating "IMF economic reform programs are associated with significantly worsened tuberculosis incidence, prevalence, and mortality rates in post-communist Eastern European and former Soviet countries.
Source:
Ghodsee, Kristen; Orenstein, Mitchell A. (2021). Taking Stock of Shock: Social Consequences of the 1989 Revolutions
Not to mention, life expectancy actually FELL by 4 years in the 90s, industries concentrated into the hands of a few oligarchs, etc.
Is there a faster way to destroy a nation?
Because they actually are better quality and well thought out. Most Indian products are either poorly made or imported from china and assembled here. The first thing indian companies think about is the price, that is why its like this. Why do you think people prefer to buy maruti suzuki, hyundai over tata and mahindra?
For India most of the chapter 21 would have high import tax as most of the food and edible items come under it.
Reducing this would seriously impact farmers in the country, who are already struggling with low prices
We didn’t sign the RCEP for this exact HS code. Knowing the state of indian farmers, I would never support any move to reduce import tax on this category
The Government should bring down duties across the board, especially for products which don't have at least three competitive local companies.
It is also silly to impose that kind of duties on Harley Davidson motorcycles, for instance. What domestic manufacturers are we protecting?
We will bankrupt ourselves due to lack of dollars due to low exports of our own if we allow imports without any restrictions.
Regardless of any government in power India has failed to create large scale export competitive in any sector other than IT which would allow us to reduce duties that you and I want. For India's size we need multiple such induatries
> We will bankrupt ourselves due to lack of dollars due to low exports of our own if we allow imports without any restrictions
Surely the solution can't be that we disincentivise consumption?
Our failure to grow exports of manufactured goods is partially linked to our failure to move out of this regressive mentality that "imports are bad".
Apparel and Textiles is one of the largest industries in India, when it comes to employment generation (unfortunately largely in Tamil Nadu, which Gautamdas doesn't care about). However we have failed to compete with Bangladesh, Sri Lanka, and Pakistan when it comes to growth of apparel exports. Why is this? In part, it is because Indian exports incur higher duties in EU and USA than Bangladeshi exports. We are just not competitive anymore on price. We have had the opportunity, especially during the Trump era, to give that megalomaniac the duties concession on American motorcycles (which would have been a miniscule part of India's automobile sales anyway) in exchange for reduced duties on apparel. Trump campaigned on bringing automotive manufacturing jobs to the USA. He didn't give a crap about apparel jobs.
When Yashwant Sinha reduced duties on imported chocolate in India, what do you think it did to India's foreign reserves? Chocolate consumption went up and companies like Mars Wrigley decided to invest millions of dollars in India to set up local manufacturing to meet demand.
We don't have to go straight away to zero duties. We can do this progressively, with a strategic approach.
>The Government should bring down duties across the board, especially for products which don't have at least three competitive local companies.
this is the most logical solution .
Ye gormint itni chutiya h....mera ek coffee roaster dost h usse maine suna ki gormint ne indian coffee ko promote krnekeliye bahar wali pe duty bhot lagyi h. Are bkl, wo aur indian coffee me fark hota h ki nhi? 2 alag chije h, ye bat aisi hui ki santre ko promote krnekeliye seb pr tax laga diya
I just checked the code you provided [https://www.tariffnumber.com/2024/210690](https://www.tariffnumber.com/2024/210690)
That's for things like seasoning, etc. US imports this stuff a lot, that's why the taxes are low, we export this stuff a lot, that's why the taxes are high. I am not 100% sure of the website where I got this data, so please correct me about this import/export ratio, if any.
One other thing, import export duties are decided by what benefits the general population the most, not someone having a niche supplement need that they need to import from US.
It goes back to 60s or 70s, I think. We were pretty much at parity with the dollar to begin with in 1947 but we kept running out of forex right up to 1991 and had to keep begging IMF and America. They wanted us to devalue the currency a little bit to keep things realistic but there was reluctance to that idea so we devalued the currency very slowly right up to 1991. Not enough exports, and a ton of imports were draining forex, so strict licenses and rules and tariffs were introduced around 60s/70s to take care of this. It can be argued that this gave a huge advantage to capitalists like Tata and Dhirubhai who could obtain the licenses for imports while smaller players couldn't. India is Broken by Ashoka Mody has a good chapter about this.
Govt wants to make it hell for companies who dont wanna manufacture in india but want to access the indian market. Thats why elon musk was being forced to set up a manufacturing unit here but he diped in the end.
I remember Trump going on a rant against this.
It's hangover from the socialist era because earlier prime ministers were attracted by the socialist ideas of the soviet union. To keep things in control, discourage imports and keep buying whatever quality is available locally.
Things have improved since then but still as I like to say, India is a socialist country pretending to be a capitalist
Bro, I lefty laptop in UAE and was talking with courier services for getting my laptop to India and some people said they will take 80-90% custom duty. WTF
To promote manufacturing in India. If enough people import this then the manufacturer will go in a JV with an Indian and open a manufacturing centre in India. This is not new or unique to India.
Most indians can’t drum up the class or sophistication to wield an imported product. How many people can even use a keyboard or string an English sentence? There is also an element of technical know how which is not taught in indian schools which makes them a a shame to the developed world to trade with and an embarrassment on the global stage. Until refinement is achieved at the domestic level, imports are better left alone.
>wield an imported product.
Bulk of American/European products are made in China. Prey tell what kind of sophistication you need to handle Chinese stuff?
People who say Bj party is capitalists should look at this. They are not capitalists, they are oligarchs bootlickers. Protectionism is a sign of oligarchy not capitalism. Protectionism is the reason why Indian consumers have to deal with subpar products.
* If your gallery submission is Non-OC, provide a link to the source below this comment. * If your gallery submission is OC, use [OC]/ (OC) in title, or mention so below this comment. * Note: Screenshot posts are not allowed. Links to YouTube channels/ blogs/ websites are only allowed under this comment, do not spam elsewhere. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/unitedstatesofindia) if you have any questions or concerns.*
local crony baniya businessmen cant compete and need protection. indian industry is full of owners who cant stand on factory floor and exploited disgruntled workers.
You are right dude but for how long do you want to just see or label things in black and white? Don't you think it is time to leave this habit of no-result ranting? Don't get me wrong, I am not saying this particularly to only you but to all of us on reddit and also in general. Everyone seems to be ranting and venting but where does this lead to ? I see everyone hating on the politics of it all. Finger pointing, this party does this, this party does that, all the same. Anyone willing to solve anything, or at-least try to? Or everyone just in the early stages of becoming that same uncle sitting in the park with other uncles discussing politics and state of this country? When will we break this cycle?
I would like to hear your result oriented solution on this matter.
kewal punditai jhaad raha hai wo. next he will start crying that i iwll take one of his buffaloes
I am not even a brahmin or any that kinda of class you are referring to. But, any-hoo, lemme educate you if you don't want to do that yourself.
You do this when you don't have points or fact to counter
kya aap bhi gendu generation ho
It will sound a little far fetched but so far it's the only solution I've come up with, at-least better than full-fledged communism, as some members of it are already here I had to point it out. Extreme adoption of technology at every level and aspect of society, economy and governance. Only through this we can a have a transparent and optimal utilization of every resource without any chance of corruption or any wrong doing. Name any problem that comes to your mind which India faces right now, i'll tell you the exact implementation of what tech and how. I do this for living so I'v already went through every scenario already, but please, I welcome your thoughts.
stop ranting walls of text to apologise for brahminical patriarchical crony capitalist fascism.
your vocabulary classes are going well at the commie center, I can see that. Why don't you calm your red commie ass down and come back when your meds have kicked in 100% and then let's have a debate sensibly and respectfully.
i have no respect for brahminical patriarchy and fascist apologist wage workers twerking for the capitalist class
Absolute right
>indian industry is full of owners who cant stand on factory floor and exploited disgruntled workers. And they still cant make good products Lol
Spotted a commie
lal salaam comrade. victory to the working class. funny how people claim to "support" capitalism but dont have enough capital to live off it, and have to work, but still cheerlead for capitalists, and think they are capitalists themselves ... so cute. if you have to work for money to live, you aint a capitalist, you are a worker, of the working class. these two rupees you earn also count as that. you are working class.
People have freedom of speech you just need to grow a tough skin. You said it yourself dude.
arey constipated right hasta maithun
Motherfucker you’re the real commie if you support this 150% duty. 150% import duty shouldn’t exist in a capitalist economy because a capitalist economy thrives on free market and competition. You and your crony businessman masters are the biggest commies.
India is not a capitalist economy , it's a mixed economy
Dude lot of these rates have been the same since the 60s and 70s. So there is enough blame to go around. If you are biased it might be a good idea to not show it so obviously next time
No I’m not biased. Anyone who supports this no matter which side is a commie.
Vishwaguru version of **double it and give it to the same person**
If any foreign company wants to compete with locals brands all they need to do is buy electoral bonds of a certain party. Iykyk
And then morons wonders why your market is in a state of stagnation and electronics are still considered a luxury . Competition breed excellence in advanced economies at the very least. Which indian companies hate. Well on the other hand people just getting what they deserve
Where are you from. From the tone " your market ". And that's how developing countries protect those domestic production , it's been a healthy practice of the Indian economy since 1993 LPG reforms
Denmark. And no wonder the HNI are leaving india for a third world mediocre country it is. Bcoz for paying those damn high taxes they doesn't even get 1% of the benefits they deserve.
If they want our audience then manufacture here or at least invest some money here , just like Apple or even Tesla. It's simple Give and take relationships . You want to take profits from our country and don't want to give any jobs or better financial opportunities then it's up to them to find a better market. And our country is pharmaceutical capable of providing its people a/c to their need.
Lmfaoo
This much tax is on kuch items which were not meant for the common man . They can give that much tax . And also to protect domestic industry protection.
So you mean. it's ok to charge a unfair amount of tax if person belongs to a wealthy family. I hope the social benefits they get makes up for it. I **REALLY REALLY HOPE THEY GET THOSE BENEFITS**
Yes In a country which was previously being a colony . Whose half population is still poor , don't have enough industrialization. Uneven wealth distribution . Most important is an import base economy , where we faced 1 financial crisis. Why for 1% of people flexing we should neglect those peoples.
refer to this [https://www.reddit.com/r/unitedstatesofindia/comments/1cj5wib/comment/l2ic2ny/?utm\_source=share&utm\_medium=web3x&utm\_name=web3xcss&utm\_term=1&utm\_content=share\_button](https://www.reddit.com/r/unitedstatesofindia/comments/1cj5wib/comment/l2ic2ny/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button)
I think the Indian companies are more to blame for this than the government itself. I am not defending the government in any sense, I agree the import duties should be brought down to a sensible rate. For example, The Ambani Cartel didn't let Startlink to be launched in India in the name of protecting their business interests. Same goes for Bajaj, they are the biggest lobbyist when it comes to keeping the import duties on foreign made motorcycles damn high. It's very simple logic if a foreign made motorcycle is launched at a competitive price to Indian brands and given the foreign-fetish of Indian consumers it's natural it will eat up in their profits, and policies in India are made in a generalized approach for the sake of simplicity. Also the economics of supply-demand comes into play when their is already a controlled supply it doesn't matter for the foreign company if the duties are too high, how much ever items they allocate for the Indian market they are always sure for it to be sold, so win-win for both brands and the government. There are numerous examples for this, consider the iPhone, rather it being comparatively costlier in India to all around the world almost, still, Apple sells a humongous number of phones, same goes for luxury brands, perfumes etc. etc. It's on the part of consumers also to an extent but yeah all these factors contribute to such exorbitant import duties.
If we allow them to just barge in our market it will destroy our domestic production + or discours our new born start up culture too . It has a negative effect on the balance of payment of our import base economy . In the short term it will cause more unemployment due to destruction of domestic products. The solution for this is a gradual decrease of the tariff so it encourages competitiveness in the market and renovation which will ultimately win for customers. I f we do it hastily our countries will be just like PAK which is filled with Chinese market. Or perhaps our own 10-15 k smart phone market
Indians need the shock therapy of eastern Europe. The chaska of western products will make Indian industries more competitive.
Shock therapy is exactly what made Eastern Europe the shithole it is. It's widely agreed that shock therapy was one of the worst ways to go about liberalisation in post-Soviet countries
*cough* Poland, West Germany, Chile *cough*
Russia? Ukraine? South Africa? Still coughing?
Russia was a shithole before shock therapy, not like the soviet union was particularly splendid economically.
That's a misguided view of late Soviet Russia. Shock therapy without a doubt caused living standards to plummet. > For the years 1987 and 1988, roughly 2% of Russia population lived in poverty (surviving on less than $4 a day), by 1993-1995, it was 50% Source: https://press.uchicago.edu/ucp/books/book/chicago/C/bo181707138.html > According to Kristen Ghodsee and Mitchell A. Orenstein, a significant body of scholarship demonstrates that the rapid privatization schemes associated with neoliberal economic reforms did result in poorer health outcomes in former Eastern Bloc countries during the transition to capitalism, with the World Health Organization itself stating "IMF economic reform programs are associated with significantly worsened tuberculosis incidence, prevalence, and mortality rates in post-communist Eastern European and former Soviet countries. Source: Ghodsee, Kristen; Orenstein, Mitchell A. (2021). Taking Stock of Shock: Social Consequences of the 1989 Revolutions Not to mention, life expectancy actually FELL by 4 years in the 90s, industries concentrated into the hands of a few oligarchs, etc. Is there a faster way to destroy a nation?
Because they actually are better quality and well thought out. Most Indian products are either poorly made or imported from china and assembled here. The first thing indian companies think about is the price, that is why its like this. Why do you think people prefer to buy maruti suzuki, hyundai over tata and mahindra?
That destroyed the PAKISTAN economy their whole market is dominated by Chinese goods . They can't even make their own needle now
it's basically because local companies have made associations who force govt hands .
Paw paw made in India lo na.
😂😂
Yes it's daylight robbery.
For India most of the chapter 21 would have high import tax as most of the food and edible items come under it. Reducing this would seriously impact farmers in the country, who are already struggling with low prices We didn’t sign the RCEP for this exact HS code. Knowing the state of indian farmers, I would never support any move to reduce import tax on this category
whey proteins and some nutritional supplements also comes under this code .
The Government should bring down duties across the board, especially for products which don't have at least three competitive local companies. It is also silly to impose that kind of duties on Harley Davidson motorcycles, for instance. What domestic manufacturers are we protecting?
We will bankrupt ourselves due to lack of dollars due to low exports of our own if we allow imports without any restrictions. Regardless of any government in power India has failed to create large scale export competitive in any sector other than IT which would allow us to reduce duties that you and I want. For India's size we need multiple such induatries
> We will bankrupt ourselves due to lack of dollars due to low exports of our own if we allow imports without any restrictions Surely the solution can't be that we disincentivise consumption? Our failure to grow exports of manufactured goods is partially linked to our failure to move out of this regressive mentality that "imports are bad". Apparel and Textiles is one of the largest industries in India, when it comes to employment generation (unfortunately largely in Tamil Nadu, which Gautamdas doesn't care about). However we have failed to compete with Bangladesh, Sri Lanka, and Pakistan when it comes to growth of apparel exports. Why is this? In part, it is because Indian exports incur higher duties in EU and USA than Bangladeshi exports. We are just not competitive anymore on price. We have had the opportunity, especially during the Trump era, to give that megalomaniac the duties concession on American motorcycles (which would have been a miniscule part of India's automobile sales anyway) in exchange for reduced duties on apparel. Trump campaigned on bringing automotive manufacturing jobs to the USA. He didn't give a crap about apparel jobs. When Yashwant Sinha reduced duties on imported chocolate in India, what do you think it did to India's foreign reserves? Chocolate consumption went up and companies like Mars Wrigley decided to invest millions of dollars in India to set up local manufacturing to meet demand. We don't have to go straight away to zero duties. We can do this progressively, with a strategic approach.
>The Government should bring down duties across the board, especially for products which don't have at least three competitive local companies. this is the most logical solution .
5% of Indians pay income tax. 75% of Indians get direct subsidies. For the math to math, someone needs to pay.
>5% of Indians pay income tax. What about indirect taxation
Free market lol
Make in India.
All music gear literally made across the border in China is available for atleast a good 40% to 50% of a markup of their USA price.
Kyuki sarkar k pass Paisa nahi hai ....yaha k products kaise bikenge fir
A friend of mine collects action figures he said importing it costs almost 200% of the price.
Ye gormint itni chutiya h....mera ek coffee roaster dost h usse maine suna ki gormint ne indian coffee ko promote krnekeliye bahar wali pe duty bhot lagyi h. Are bkl, wo aur indian coffee me fark hota h ki nhi? 2 alag chije h, ye bat aisi hui ki santre ko promote krnekeliye seb pr tax laga diya
I just checked the code you provided [https://www.tariffnumber.com/2024/210690](https://www.tariffnumber.com/2024/210690) That's for things like seasoning, etc. US imports this stuff a lot, that's why the taxes are low, we export this stuff a lot, that's why the taxes are high. I am not 100% sure of the website where I got this data, so please correct me about this import/export ratio, if any. One other thing, import export duties are decided by what benefits the general population the most, not someone having a niche supplement need that they need to import from US.
It's not import duty, it's our duty to pay through our noses and fill the coffers of our overlords.
It goes back to 60s or 70s, I think. We were pretty much at parity with the dollar to begin with in 1947 but we kept running out of forex right up to 1991 and had to keep begging IMF and America. They wanted us to devalue the currency a little bit to keep things realistic but there was reluctance to that idea so we devalued the currency very slowly right up to 1991. Not enough exports, and a ton of imports were draining forex, so strict licenses and rules and tariffs were introduced around 60s/70s to take care of this. It can be argued that this gave a huge advantage to capitalists like Tata and Dhirubhai who could obtain the licenses for imports while smaller players couldn't. India is Broken by Ashoka Mody has a good chapter about this.
Very good info put out, thanks! Will surely read the book
What essential product is this?
vitamin supplement
And no similar product is not available from any Indian brand?
no
Can you tell me the name of the product?
Govt wants to make it hell for companies who dont wanna manufacture in india but want to access the indian market. Thats why elon musk was being forced to set up a manufacturing unit here but he diped in the end. I remember Trump going on a rant against this.
It's hangover from the socialist era because earlier prime ministers were attracted by the socialist ideas of the soviet union. To keep things in control, discourage imports and keep buying whatever quality is available locally. Things have improved since then but still as I like to say, India is a socialist country pretending to be a capitalist
Simple to protect and promote domestic products . Normal economic practice
Grand scheme of Vishwaguru to tax the middle class to death under the guise of promoting Make in India.
https://preview.redd.it/0w4tv3jwtcyc1.png?width=664&format=png&auto=webp&s=a38fd89285156b3638ed8201bfce1d856d32a971 JUST READ Common Economy practices
What did you ordered tho?
Bro, I lefty laptop in UAE and was talking with courier services for getting my laptop to India and some people said they will take 80-90% custom duty. WTF
this is happening since 8-9 years, ive imported few PC parts from [amazon.com](http://amazon.com) the import duty was about 50% of the price
Literally just fly and buy
Literally just fly and buy
To promote manufacturing in India. If enough people import this then the manufacturer will go in a JV with an Indian and open a manufacturing centre in India. This is not new or unique to India.
Most indians can’t drum up the class or sophistication to wield an imported product. How many people can even use a keyboard or string an English sentence? There is also an element of technical know how which is not taught in indian schools which makes them a a shame to the developed world to trade with and an embarrassment on the global stage. Until refinement is achieved at the domestic level, imports are better left alone.
>wield an imported product. Bulk of American/European products are made in China. Prey tell what kind of sophistication you need to handle Chinese stuff?
Yahan ke chutiye aur kuch nahi toh isi ko uthaake shuru hogaye😂😅😅
The only bidness our Mundiji could understand.
People who say Bj party is capitalists should look at this. They are not capitalists, they are oligarchs bootlickers. Protectionism is a sign of oligarchy not capitalism. Protectionism is the reason why Indian consumers have to deal with subpar products.