Zerodha co-founder's comparison of India's tax sharing model to China sparks debate

Zerodha co-founder Nikhil Kamath sparked debate with a statement comparing India's tax sharing model to China's. He stated that while a state earns revenue in China, that money is not spent on other underdeveloped provinces. Kamath noted that in India, states like Karnataka, even if they earn significant revenue, that money is spent in states like Uttar Pradesh and Bihar.