Only 35 million visas in 8 years.

"A record 72.42 lakh (7.242 million) income tax returns were filed on the last day of such filing on July 31, taking the cumulative returns to 5.83 crore (58.3 million) near to the same level last year." BS. "Out of 136 crore (1.36 billion) people in India, just over 8 crore (80 million) taxpayers, including individual and corporate, were recorded during the fiscal year 2019-20, the Parliament was informed." LM. "The government has taken several steps to cover the leftover population in the tax net, (Finance Minister Nirmala) Sitharaman said." But, how? "Between 2017 and 2022, the overall labor participation rate dropped from 46% to 40%." ET. Among women, "About 21 million disappeared from the workforce, leaving only 9% of the eligible population employed or looking for positions. Now more than half of the 900 million Indians of legal working age -- roughly the population of the US and Russia combined -- don't want a job, according to the CMIE." "Some estimates suggest that only 3% of Indians take home an annual salary of more than Rs 5 lakhs (Rs 500,000). In fact, the top 10% of Indians have an annual income of just Rs 3 lakhs (Rs 300,000)!" Finshots. Taxpayers opting for the 'New Option' have to pay slightly lower rates of tax, ICICI, but they have to forego all deductions for expenses and tax saving investments, so it is really a poisoned bait. "All agricultural income is exempt, and that leaves even more Indians out of the tax net." "If you earn a salary of Rs 25,000 (Rs 300,000 per year) or higher, then your pay ranks in the top 10% of the total wages earned in India," according to The State of Inequality in India report. The Wire. "India's exports dipped marginally by 0.76 percent to USD 35.24 billion in July, though the trade deficit tripled to USD 31.02 billion during the month, according to official data." BS. Prime Minister Narendra Modi "sought to impress upon states to focus on reducing imports, increasing exports and identifying opportunities for shipping goods out of India." TOI. But, "Outbound trips from India will surpass USD 42 billion by 2024 and the government could bring about certain policy changes to boost this growing market, a report said." ET. "From 2014 until May 2022, the government issued a record 8,81,37,068 passports," according to the Ministry of External Affairs. Frontline. "Of these, 7,86,93,038 were issued in India and 94,44,030 in overseas consulates and missions." Those, about 79 million Indians living abroad sent $87 billion remittance into India in 2021, according to the World Health Organisation. ET. The ministry also issued 3,49,73, 877 visas to foreign nationals in these eight years. While, we issued just 35 million visas in 8 years, 40.9 million people visited Britain in 2019 alone. Britain will earn 257 billion pounds from tourism by 2025. Multinationals are telling employees not to take laptops or answer work-related calls while vacationing in India because of fear of a huge tax bill. ET. Wouldn't they rather go elsewhere? These will be high spending people. Their spending could create millions of jobs. Who would then pay tax.