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Like most countries, Indian economy also works on the basis of its agricultural, industrial and service sector performances. On an average India has been showing a 8-9% GDP for the past decade or so. It is much better than the Hindu growth rate of 4% GDP in the late 80's and early 90's.
Taxes are implemented, depending on the 'salary slabs' determined by the Ministry of Finance each year during the annual budget session.
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