> I'm not into Indian space endeavours but probably the money comes from poor taxpayers who would be way better off if they weren't plundered in the first place.
If you don't know then it's best not to talk because it only helps perpetuate the already negative stereotype that most have. The poor aren't even taxed in India. Indians are only taxed after they have a minimum salary of 7.5 lakhs per annum (accounting for all the deductions). Which is around 11,000 USD. And no this amount isn't low by Indian standards (the per-capita income is 7,060 USD). The cost of living in India is extremely low and inflation is well controlled (< 3%) so this amount is actually pretty decent to live in a Tier-1 city with a nice 2-bedroom apartment on rent. You can call this the lower middle class. And even they pay lesser tax until they hit the 20 lakhs per annum (30,000 USD) bracket (5%-20% based on where you fall in the slab rates).
And almost 70% of the rural households practice Agriculture in India. All these people are exempted from paying both Income Tax and GST. And if they have a bad season sometimes their loans are also waived.
India is a 3 trillion $ economy. India needs to find new ways to get to a 10 trillion $ economy if it wants to improve standards of living for all Indians and lift the remaining 300 million people out of poverty (it has already lifted 271 million people out of poverty in 10 years [1]. Can you name a single country that has achieved this feat in such a short span of time?). One of the areas where India can earn big is Space. ISRO is already a profitable enterprise for the Government. There is no reason why anyone will want it to be shutdown for anything. Especially when it is making huge profits.
If you don't know then it's best not to talk because it only helps perpetuate the already negative stereotype that most have. The poor aren't even taxed in India. Indians are only taxed after they have a minimum salary of 7.5 lakhs per annum (accounting for all the deductions). Which is around 11,000 USD. And no this amount isn't low by Indian standards (the per-capita income is 7,060 USD). The cost of living in India is extremely low and inflation is well controlled (< 3%) so this amount is actually pretty decent to live in a Tier-1 city with a nice 2-bedroom apartment on rent. You can call this the lower middle class. And even they pay lesser tax until they hit the 20 lakhs per annum (30,000 USD) bracket (5%-20% based on where you fall in the slab rates).
And almost 70% of the rural households practice Agriculture in India. All these people are exempted from paying both Income Tax and GST. And if they have a bad season sometimes their loans are also waived.
India is a 3 trillion $ economy. India needs to find new ways to get to a 10 trillion $ economy if it wants to improve standards of living for all Indians and lift the remaining 300 million people out of poverty (it has already lifted 271 million people out of poverty in 10 years [1]. Can you name a single country that has achieved this feat in such a short span of time?). One of the areas where India can earn big is Space. ISRO is already a profitable enterprise for the Government. There is no reason why anyone will want it to be shutdown for anything. Especially when it is making huge profits.
[1]: https://www.thehindu.com/news/national/india-lifted-271-mill...