Startup Founder Attacks Popcorn Taxes and Innovation Barriers
In a recent viral post on Reddit, an Indian startup author shared his candid thoughts on the challenges of building an effective commerce in India. The person, who holds a degree from a premier Indian engineering institute and has encounter working in the US, has encouraged high-salaried representatives to consider clearing out the nation due to what he sees as “stifling innovation” and a need of a strong commerce environment.
Founder communicates frustration
The startup author of a “well-funded business” that utilizes 30 individuals with a normal compensation of ₹ 15 lakh shared on Reddit, “Leave India! It's tall time! And I'm saying this as somebody who runs an effective business!”
One of the major issues he pointed out is the predominance of "regional hate" that he experiences on a week-by-week basis.
The business visionary too criticized India's bureaucratic hurdles, citing an occurrence where his app confronted a false case that come about in progressing legitimate troubles in spite of his endeavors to resolve the issue.
“You have to be a bureaucrat, politician, or celeb to get things done easily,” he lamented.
Another major grievance he shared is the tall charges in India, which he accepts are not defended by the level of government administrations given. The startup originator described a discouraging experience in Goa where he was scolded for inquiring a gather of individuals to utilize a container instep of littering, emphasizing the need of civic sense he watched in the country.
Painting a terrible picture of India's economy, the businessperson warned of a potential "appalling financial collapse" and communicated concern over the depreciating esteem of the rupee.
He proposed that innovators consider moving to nations like the UAE or Thailand, where he accepts the environment is more conducive to groundbreaking work.
In his last explanation, the entrepreneur encouraged people to consider taking off a nation where indeed popcorn is subject to tall charges, alluding to the later GST rules that force up to 18 percent tax on the popular snack.
source: startuppedia.