WELCOME TO FRENDZ4M
Mon, Dec 23, 2024, 09:31:57 PM

Current System Time:

Get updatesShare this pageSearch
Telegram | Facebook | Twitter | Instagram Share on Facebook | Tweet Us | WhatsApp | Telegram
 

Forum Main>>General Talk>>News>>

'Leaving India': businessman criticizes barriers to innovation and popcorn taxes

Page: 1   
Mr.Love ™User is offline now
PM [1]
Rank : Helper
Status : Super Owner

#1

An Indian entrepreneur and startup founder has advised “high-salaried individuals” to “leave India”, claiming the country stifles innovation. The person, who has a degree from a premier Indian engineering institute and pursued further studies in the US, detailed his experiences after returning to India in 2018 to launch his own company.


Now running a “well-funded business” that employs 30 people with an average salary of Rs 15 lakh, the entrepreneur shared on Reddit, “Leave India! It's high time! And I'm saying this as someone who runs a successful business!”


In the lengthy post, the entrepreneur claimed he faced “regional hate” almost weekly, citing instances involving vegetable vendors, cab drivers, and restaurant staff. He also criticised what he described as India's “low work ethics,” lamenting that appearance plays a significant role in how people are treated. “If you don't look rich or wear branded clothes, you're treated like filth,” he wrote in his post.


The entrepreneur criticised India's bureaucratic hurdles, alleging that innovation was often killed by “stupid” regulations. He recounted a specific incident where his app faced a fraudulent case. Despite helping the police resolve the issue and ensuring the victim's money was returned, the FIR against his company remained open, with police allegedly demanding bribes to close it.


“You have to be a bureaucrat, politician, or celeb to get things done easily,” he remarked.


High taxes without corresponding government services were another major grievance. He recounted an incident in Goa where he urged a group of people to use a bin instead of littering, only to be told to "mind [his] own business". "Civic sense has gone extinct in the country," he said, adding that such encounters were routine.


The entrepreneur also painted a grim picture of India's economy, warning of a "terrible economic collapse" and highlighting the depreciating rupee. He suggested innovators consider relocating to countries such as the UAE or Thailand, where he believed the environment was more conducive to building something groundbreaking.


"In a nutshell… leave the country where they'll even tax your popcorn because they're out of ideas to make it a $5 trillion economy," he concluded, referring to the new GST rules that impose up to 18 per cent tax on popcorn.

The post was later removed by Reddit.

Reply
You are not logged in, please

Login

Page: 1   

Jump To Page:

Keywords:leaving, businessman, criticizes, barriers, innovation, popcorn, indian, entrepreneur, startup, founder, advised, salaried, individuals, claiming, country,
Related threads:

'No comment': India on Bangladesh requests extradition of Sheikh Hasina


Shyam Benegal, pioneer of Indian parallel cinema, dies at 90


"Ashwin's replacement named in India squad". Not Axar, Kuldeep or Chahal


How to tax popcorn? Government's GST formula sparks debate


'He was ahead of his time': Professor on Trump's Indian-origin choice for AI


Kambli's health deteriorates and she is admitted to the hospital. Stable condition but...


'Opportunity at the centre...': Ajit Pawar's first reaction to NCP's Chhagan Bhujbal row


Who was Epigamia CEO Rohan Mirchandani, who died of cardiac arrest at age 41?


Manu Bhaker Surprisingly Absent From Khel Ratna Nominations, Reason Is...


'Working longer is...': Congress MP on Narayana Murthy's 70-hour work week


TERMS & CONDITIONS | DMCA POLICY | PRIVACY POLICY
Home | Top | Official Blog | Tools | Contact | Sitemap | Feed
Page generated in 0.2 microseconds
FRENDZ4M © 2024