I dont think the government has too many options. One thing in favour of this government is that even in the election year it did not dole out any Khat khat scheme. Therefore the economy is not overburdened with subsidies etc . In my opinion the focus must be on plugging loopholes that cause massive diversion and asset creation by Indian nationals in Dubai / London etc. The rules dont have to be made cumbersome , but with tech and AI it is possible to ferret out the information and proceed.
At some stage Inheritance tax is going to become inevitable. So start now!
I believe Agriculture/ rural development deserves an infrastructure like focus with emphasis on Water /Roads / Education.
Do you have any predictions for the next narrative?
The BJP lost a good chunk from the rural vote, so I suspect it will be a turn towards rural development - with an emphasis on tech in agriculture. More government expenditure on schemes like smart villages.
10 wasted years. And looks like he has plans to change.
I dont think the government has too many options. One thing in favour of this government is that even in the election year it did not dole out any Khat khat scheme. Therefore the economy is not overburdened with subsidies etc . In my opinion the focus must be on plugging loopholes that cause massive diversion and asset creation by Indian nationals in Dubai / London etc. The rules dont have to be made cumbersome , but with tech and AI it is possible to ferret out the information and proceed.
At some stage Inheritance tax is going to become inevitable. So start now!
I believe Agriculture/ rural development deserves an infrastructure like focus with emphasis on Water /Roads / Education.
"Over-burdened' is relative. When you combine the states and the union, our fiscal deficit is 9% of GDP.
Do you have any predictions for the next narrative?
The BJP lost a good chunk from the rural vote, so I suspect it will be a turn towards rural development - with an emphasis on tech in agriculture. More government expenditure on schemes like smart villages.
Smart villages is a bit of a stretch when each of the 3 biggest metros, Mumbai, Delhi and Bangalore got flooded in the last 6 weeks.
Yes, there will be a narrative around rural empowerment etc., but the coffers to back that narrative are inadequate
A very clear-eyed view of the situation. Thanks, Mohit.