Thread by @timesofindia

30 Years of liberalisation: How your purchasing power has increased

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Here's a look how taxes rates changed since India's first liberalised its economy in 1991

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Share of direct taxes has increased

The graphics below show how direct taxes are now almost equally split between corporates and individuals.

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You now need to work much less to own far more

One clear indicator of this is how the average Indian’s income has grown to make consumer durables much more affordable today

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You now need to work much less to own far more

Here's a look at how much an average Indian would have paid for certain goods in 1991 and how long it would have taken that person to earn that amount vis-a-vis today

Read: toi.in/vG6Cpb6891

You now need to work much less to own far more

Here's a look at how much an average Indian would have paid for certain goods in 1991 and how long it would have taken that person to earn that amount vis-a-vis today

Read: toi.in/vG6Cpb6891

You now need to work much less to own far more

Here's a look at how much an average Indian would have paid for certain goods in 1991 and how long it would have taken that person to earn that amount vis-a-vis today

Read: toi.in/vG6Cpb6891