Why not put your money where your mouth is and short nifty options ? I think the formal economy will benefit and bought some indian etf's.
People in developed countries also use cash to avoid some taxes. But most of the money in the west moves among big players who are more interested in avoiding employee theft than taxes. Their effective tax rate is usually below 10% anyway.
This will hurt small business in india, but allow chains and corporations to flourish. Previously small business had a competitive advantage because of cash.
People in developed countries also use cash to avoid some taxes. But most of the money in the west moves among big players who are more interested in avoiding employee theft than taxes. Their effective tax rate is usually below 10% anyway.
This will hurt small business in india, but allow chains and corporations to flourish. Previously small business had a competitive advantage because of cash.