https://www.taxtmi.com/news?id=51208 The statement attributes severe economic damage to five government-inflicted shocks: demonetisation; a fundamentally flawed Goods and Services Tax raising compliance costs for smaller firms; record imports undermining MSMEs and creating import-dependent export sectors; a loss of private investment and confidence tied to politically motivated raids and regulatory practices; and wage stagnation with rising household debt that has reduced mass consumption and increased inequality. It further contends these effects concentrate gains with larger firms while masking the true state of the economy. en-us Fri, 01 Aug 2025 11:31:04 +0530 Fri, 01 Aug 2025 11:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=51208 The statement attributes severe economic damage to five government-inflicted shocks: demonetisation; a fundamentally flawed Goods and Services Tax raising compliance costs for smaller firms; record imports undermining MSMEs and creating import-dependent export sectors; a loss of private investment and confidence tied to politically motivated raids and regulatory practices; and wage stagnation with rising household debt that has reduced mass consumption and increased inequality. It further contends these effects concentrate gains with larger firms while masking the true state of the economy. News - Fri, 01 Aug 2025 11:31:04 +0530 https://www.taxtmi.com/news?id=51208