If a government knows how to accommodate the fat cats and has worked out how to win the votes of the poor with direct transfers, then it doesn’t need the middle class
While economists warn politicians against making excessive promises, they acknowledge the value of welfare schemes—provided states remain within their financial limits.
On latest episode of ThePrint Off The Cuff, former IMF executive director asserts that lack of important indices such as Census & Consumer Survey has resulted in India lagging behind in data.
Both incumbent Congress & its main rival BJP are offering host of freebies. Some voters have welcomed the move, others say it is only aimed at elections.
Subsidies are here to stay. Worryingly, subsidy expenditure will likely increase as Indian politicians try to meet a wider set of aspirations through more diverse freebies.
Next round of state elections will see more welfare promises. However, these freebies may be offered at the cost of investment in infrastructure required for a modernising economy.
Rajasthan’s finances show its revenue is relatively strong & it is becoming more independent of the Centre. Prioritising social sector over capex is not necessarily bad, say experts.
New Delhi: The outsourcing industry, India’s largest white-collar employer, is a juggernaut that has all but stopped moving. The dollar revenue at the top...
By pairing Indian drone engineering with Japanese semiconductor expertise, the two firms aim to develop more advanced autonomous systems tailored to both defence & commercial use.
American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.
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