LOWER TAXES ON SALARIED PEOPLE, PENSIONERS
Nantoo Banerjee
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2020-01-20 10:31
Over 120 crore telephone subscribers, 25 crore motor vehicles users, around five crore foreign holiday goers, 17.10 crore domestic air travellers, 38 crore holders of Permanent (income tax) Account Number cards, over 12 lakh active registered companies, over 10 lakh registered doctors, close to three lakh Chartered Accountants (CAs) serving as the finance guides, about 20 lakh lawyers (according to Bar Council), lakhs of consultants of all kinds, from real estate to management services, and crores of traders — from kirana shops and roadside hawkers to home delivery establishments — are impressive statistics for India in 2019. The e-commerce retail business is among India’s fastest-growing markets and is expected to grow at a CAGR (Compound Annual Growth Rate) of 52 percent to touch $36.7 billion by 2020. Together, they help contribute to the country’s current GDP to the tune of nearly $3 trillion.