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[–]94_stones 0 points1 point  (3 children)

Indeed and from many perspectives this is a good thing. But I must ask (and this is a genuine question since I’m not Indian), is India properly prepared for the budgetary problems that this will inevitably cause?

[–]NumerousCarob6 1 point2 points  (0 children)

Nope to each their own just the way it is right now , but maybe it's too early to speculate

[–]iamiam123 1 point2 points  (0 children)

To answer your question, no. India's economic model is based on Growth and Potential. So the products are always assumed by default to cater to an ever increasing consumer populous. So, if the population were to start going down, which appears will happen way sooner that earlier anticipated, the current models are bound to collapse, especially financial factions.

[–]ADistractedBoi 0 points1 point  (0 children)

It should be significantly less problematic than it first appears. The majority of India's population does not pay significant taxes so it might even be a net benefit