Leather Production and Retail in Dharavi As Grey Economy Struggles Under Weight of India's New Tax Plan

Bags sit on display at a leather goods store in the Dharavi area of Mumbai, India, on Tuesday, July 18, 2017. India's new goods and services tax, introduced on July 1, classified leather products as luxury items and raised the rate to 28 percent -- more than double the 13.5 percent tax levied until June 30. The leather sector is just one example of how India's vast informal economy -- which accounts for more than 90 percent of the workforce -- is struggling under India's new tax rates, which range widely from exemptions for items like basic food grains to 28 percent for products like air conditioners. Photographer: Dhiraj Singh/Bloomberg via Getty Images
Bags sit on display at a leather goods store in the Dharavi area of Mumbai, India, on Tuesday, July 18, 2017. India's new goods and services tax, introduced on July 1, classified leather products as luxury items and raised the rate to 28 percent -- more than double the 13.5 percent tax levied until June 30. The leather sector is just one example of how India's vast informal economy -- which accounts for more than 90 percent of the workforce -- is struggling under India's new tax rates, which range widely from exemptions for items like basic food grains to 28 percent for products like air conditioners. Photographer: Dhiraj Singh/Bloomberg via Getty Images
Leather Production and Retail in Dharavi As Grey Economy Struggles Under Weight of India's New Tax Plan
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819123726
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18 July, 2017
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INDIA LEATHER
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