When taxation is the only thing govt cares for
Results are self explanatory
India vs global mkts for last 2 years
Looks like so called "Shock Absorbers" need a special shock treatment
Japan,Korea, Taiwan are up between 100-200% over the last 1 year
Nasdaq up 38%
Dow up 26%
DAX almost nearing life highs
All we do is:
Keep taxing middle class every year and burden them
Increasing taxation on equity markets and make sure FIis run out of India
Give freebies to the ones who don't want to work
Periodically, do farm loan waivers for the ones who never pay tax
On top of it, govt is doing OFS in such kind of mkt ๐๐