How India’s IT Boom Took Off and Why Tax Reform Still Lags | Ep 19

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Growth Is Good

Foundation for Economic Development

20 episodes

3 days ago

At Foundation for Economic Development (FED), we believe the evidence clearly shows that economic, GDP-measured growth is critical to improving everyone's standard of living; that it is the single-biggest determinant of human development outcomes such as improved health, education, and employment. Growth is good! It enables everything we cherish - employment, equity and even gender equality! This podcast features insightful conversations with leaders from industry and academia, who share their different perspectives on India's economic growth trajectory, and what we must do to grow further.

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How India’s IT Boom Took Off and Why Tax Reform Still Lags | Ep 19 | Growth is Good

Growth Is Good

1 hour 20 minutes 47 seconds

1 month ago

How India’s IT Boom Took Off and Why Tax Reform Still Lags | Ep 19 | Growth is Good

Entrepreneur and thinker Jerry Rao joins Growth is Good to reflect on India’s reform story — from the unlikely rise of the software and BPO industries to why simplifying taxes and fixing administration are key to sustaining growth.Chapters:0:00 – 1:51 | Promo1:52 – 7:55 | Teachers’ unions, election roles, & why admin reform must precede attitude change7:56 – 9:38 | “We lost 20 years”: License Raj, FERA, & anti-business training of the bureaucracy9:39 – 15:47 | Targets, tax harassment, appeals-as-punishment, and how it strangles small firms15:48 – 16:31 | From policy to practice: why execution trumps intent16:32 – 35:40 | (General reform context) Culture, bureaucracy, and risk aversion in India’s growth story35:41 – 57:14 | (Broader policy thread) PILs, POSCO, copper, and how process blocks projects57:14 – 57:33 | Setting up the software/BPO question57:33 – 1:02:15 | How India’s IT boom “happened by accident”: SEEPZ rules, exporting “over the wire,” the floppy-disk hack, self-certification, and early BPO1:02:15 – 1:05:07 | The 16%–16% idea: one GST rate, one income-tax rate; why complexity breeds gaming1:05:07 – 1:06:01 | Flat, simple, predictable beats exemptions and discretion1:06:02 – 1:08:38 | Start with administration: defense reforms by memo; stop revenue “targets” and serial appeals1:08:38 – 1:10:21 | Our administrative DNA: colonial incentives, exchange rate for pensions, and lingering habits1:10:22 – 1:13:38 | Teacher unions again, absenteeism, why vouchers/private schools bypass the gridlock1:13:38 – 1:15:32 | Unintended consequences: tax “terrorism” doesn’t raise revenue; it kills activity1:15:32 – 1:16:24 | Politics of ideas: why persistent articulation (Fabians-style) still matters1:16:24 – 1:20:48 | Culture, commerce, and closing reflections on India’s reform pathTune in on Spotify:Watch more episodes of Growth is Good: • How India’s IT Boom Took Off and Why Tax R... Subscribe to our newsletter: https://mailchi.mp/fedev.org/amitabh-...