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India’s Economic Outlook: A Commentary on S&P Global Affirmed Rating BBB-/A-3′

S&P Global’s recent revision of India’s economic outlook from ‘stable’ to ‘positive’ is a endorsement of the country’s growth trajectory and improving fiscal metrics. This development is a evidence of India’s economic spectrum. It is characterized by sustained reforms and strategic government spending. In this article, I will delve into the implications of S&P’s assessment,…

Why Do We Pay Taxes

Why Do We Pay Taxes? What Does Government Do With Tax Money? [India]

Why do we pay taxes? The tax paid by us becomes a receipt (income) for the government of India. They use the receipts to fund essential expenses like defence, police, judiciary, public health, infrastructure etc. But you will be surprised to note that almost one quarter (23.31%) of the total government expense is spent on…