The largest export from India is not IT services
It's F&O losses by retail traders. We keep shipping our salaries to Hedge funds like Jane Street. Gee, that sounded something that Aviral Bhatnagar would say.
I understand your point, but do we have data that tells us that the loss in f&o >> IT export
Jordon Olive
Stealth
3 months ago
It's lower. IT Sector exports is $200bn while losses were to the tune of $6bn (excluding transaction costs)
That's why I said it was like AB. Because it's exaggerated and factually incorrect.
Jordon Hyrum
Stealth
3 months ago
Actually, you know what. We shouldn't look at revenue of exports. Net profits, what they actually retain, is the right number. Which is 15-20%.
So, it's actually $18bn (I am taking 15%) of post tax value that we make.
And we give back $6bn (of outlr post tax earnings).
These are comparable numbers
See more comments
