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LATEST NEWS UPDATES | As the Rich Receive State Patronage, Modi Has Left the Poor to Be 'Atmanirbhar' -Ravi Joshi

As the Rich Receive State Patronage, Modi Has Left the Poor to Be 'Atmanirbhar' -Ravi Joshi

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published Published on Mar 15, 2021   modified Modified on Mar 15, 2021

-TheWire.in

Under Modi, the state bears the losses of the rich, with tax concessions and state subsidies. But, working classes have to live through complete doing away of fertiliser subsidies, and petrol and diesel subsidies.

Last year on May 12, in the peak of COVID -19-induced lockdown, when the poorest of the poor migrant workers were walking thousands of kilometres to their homes, Prime Minister Narendra Modi, with the insight of an oracle declared that “the state of the world today teaches us that Atmanirbhar Bharat (self-reliant India) is the only path. It is said in our scriptures – Eshah Panthah. That is self-sufficiency”.

Some economists were quick to point out that there is confusion in the statement, for ‘self-reliance’ and ‘self-sufficiency’ are not the same and have different connotations. Self-reliance basically meant that we have enough foreign reserves to pay for what we import, while self-sufficiency meant that the country produces all the goods and services it wants and does not need to depend on any other country.

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TheWire.in, 15 March, 2021, https://thewire.in/political-economy/atmanirbhar-bharat-rich-patronage-poor


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