Don't you think ACs are not luxury anymore, people who are buying Coolers spending 10-15k earlier are now willing to buy ACs.
Is individual income really increased or it is because of EMI?
Ya phir garmi zyada hai? ๐
GoI, Fin Min should reconsider GST Tax on ACs in India, it ain't luxury anymore. Its a basic requirement now when heatwaves are continuously hitting India.
AC Penetration:
๐บ๐ธ USA - 88%
๐จ๐ณ China - 62%
๐ธ๐ฆ S Arabia - 63%
๐ฎ๐ณ India - 7% Households
In a country boiling half the year, the Govt calls ACs a "Luxury" and slaps 28% GST.
