Posted 2/11/2024, 8:31:52 AM
India's Economy Grew Under UPA and NDA But Data Issues Persist; Modi Oversaw Growth Despite Global Slowdown
- Data quality in India is very poor, with key surveys like the Consumer Survey 2017-18 being of extremely bad quality
- India's economy grew well under both UPA and NDA governments, but Modi government oversaw growth despite the world slowing down
- Subsidies should be targeted and limited to deserving sections; "revdis" or freebies for votes are bad
- Unemployment is a major issue, especially for youth, though overall rate is 4%
- Government should reduce GST rates, income tax rates, privatize more sectors, and improve ease of doing business