Indian budget or expense from tax and loans to one business turnover comparision
Indian Budget is almost 50 lakh crore in 2013-2014.
assuming the business can save 5% after all expense
(50 lakh X 100 ) / 5 = 10 crore crore.
how to understand this.
reliance turnover in 2022 is 2 lakh crore
if we have 500 businesses like whole of all reliance retail stores as 1 business and save at 5% of turnover then we can earn 50 lakh crore
but reliance is able to save only 2% so we need more than 1000 businesses like reliance.
in terms of whole retail business.
in 2020 indias retail sector is US$ 0.8 trillion in 2020
which is 60 lakh crore rupees. which is around 4000 per person @ 130 crore population
this is whole india retail value.
to achie 10 crore crore business we need 17 India like countries retail business.
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