Tag Archives: Expenditure

Same Old Socialism

Prime minister Narendra Modi’s economic advisory panel has published a report called The State of Inequality in India. This report is prepared by the Institute for Competitiveness. This ironically named institute from Gurgaon has noticed the skewed income distribution of India and suggested the following government’s size enhancing measures,  the Government should launch a guaranteed […]

Thanks to Narendra Modi, India is Fast Going Bankrupt

In the aftermath of full lockdown imposed by the central government of Narendra Modi, Indian GDP has crashed by -24% in the June quarter. This is an historic event. Government’s revenues continue to plummet while their expenditures, to supposedly revive the economy, continue to sky rocket resulting in historically high record budget deficits. Government’s debt […]

Government Spending is the Problem, Not the Revenue

The Narendra Modi government of India is trying desperately to bring more people inside its tax net (sic) since it came to power 3 years ago e.g., they tried drastic measures like demonetization, making Aadhar card compulsory for filing IT-returns, linking it with bank accounts and PAN card etc. Continuing the same trajectory, the finance […]