-The Business Standard The dominant theme in the pre-election discourse is that misrule by the United Progressive Alliance (UPA) in its second term has led to sharply lower growth of gross domestic product (GDP), which Narendra Modi will reverse, the way he has made Gujarat shine. But the evidence on hand does not support this correlation between the quality of national political leadership and growth performance. If anything, there is...
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Narendra Modi’s Gujarat not a role model in urban spending
-The Economic Times NEW DELHI: Narendra Modi-led Gujarat may be high on economic growth, but it is not a state companies would rush to for selling their goods. Per capita monthly spending in urban Gujarat is below the national average and rural Gujarat does not figure among the top spenders, according to a National Sample Survey Office (NSSO) report based on household Consumer Expenditure survey of 2011-12. Haryana and Kerala headed...
More »Spending won’t make it better -Meeta Rajivlochan
-The Indian Express Raised budgets are no guarantee of improved healthcare. With a new government in the offing, all suggested agendas for health are talking of an increase in health budgets and the fact that at 1 per cent of the GDP, government spending on public health in India is one of the lowest in the world; the rest is out of pocket expenditure. The US is a prime example of the...
More »Rs 30,000 crore stimulus to economy expected from poll spending -Surojit Gupta
-The Times of India NEW DELHI: The country's faltering economy is likely to get a significant stimulus from election spending by political parties, candidates and the government which estimates suggest could be as much as Rs 30,000 crore. The figure is comparable to the $4 billion (around Rs 20,000 crore at the prevailing exchange rate) additional spending that the government announced in 2008 to shield the economy from the impact of the...
More »Parting gift: wage hike and road relief -Basant Kumar Mohanty
-The Telegraph New Delhi: The UPA has hiked wages for national job scheme workers by 4-18 per cent in what appears to be a "parting gift" before the elections, but failed to match "arbitrary" revisions in minimum wages for agricultural labourers in 12 states, including Bengal. According to the new wage rates under the Mahatma Gandhi National Employment Guarantee Act, an MGNREGA labourer in Haryana will get Rs 236 a day, the...
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