What are the top 5 economic priorities for the new NDA govt
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- čas přidán 6. 06. 2024
- The 8.2% GDP growth in FY24 hides a few pain points that the new government will need to address on priority. Economist Radhika Pandey and Deputy Editor TCA Sharad Raghavan explore these in #MacroSutra.
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Inflation , real wages stagnant , high interest rates , high personal tax
Thank you sharad sir and radhika madam.
Very analytical in its ambience.like the subsidies and tax reduction,much also depend a reduction in our policy rate.A relook in to the farm laws and an attempt of debt sustainibility were key features of the narrative, for which both of you have contributed outstandigly.
Simple way to boost demand is cut petrol excise duty. For this handover MSP procurement to states.
Most of their budget would be spent on revenue expenses then.
@@mukeshagrawalBut benefits of procurement will be spread out to farmers across India, instead of only Punjab and Haryana. Also, some states will have opportunity to implement state level reforms.
@@rajx7120 it's already the state govt that handle APMC mandis .
The problem is that nexus between rich and big farmers in state of Punjab and Haryana, as even though both states do not witness much rain the most harvested crops are rice and wheat.
The farmers bill had its own flaws but it would at least allowed the farmers to get in contract relationship with food corporates. That's why I supported it and was utterly disappointed when govt withdraw it.
Today centre gives money to state as they procure crops from farmer though some states give extra money above msp like CG , the problem with APMC are many but most is corruption.
@@rajx7120 I don't which Utopia you are living in but let me give a reality check.
Currently our total food production of grain exceed by around 50% of our need unlike da or oil seeds .
Don't underestimate the state of Indian farmers , my family is only general family in my whole st sc block , mostly dependent on agriculture, so I speek from my own experience that their condition are worse than that of the paper world.
How do you think mandis are made , most are made around large procurement areas like main city of district. Put your hand on your and think that how many of these farmers can even afford to go their with their own expenses? Hardly one tenth of they are willing to bet on it.
The question here is financial feasibility
1- After state procure enough for their quota how they deal with the rest ? They just don't buy it or don't open many mandis in first place.
2- What do you think govt will do with rest of grain (believe me it's much more than you think)- sell it at loss to corporates that's what happens.
3- Just for how much time govt would be able to afford this much loss when we need more fiscal consolidation as well as I'm hoping for a surplus budget.
4- my belief is that MSP is not solution cause govt doesn't have endless money to simply to put in , farmers have to move away from grains to oil seeds or dal or other capitalist crops like tea .
Give economic freedom to private sector by removing unnecessary regulations.Reduce government expenditure by reducing government servants and reduce taxes.Make single GST .
Among those removal of unnecessary regulations is land reform and labour reform. Even with majority BJP burnt its hands in Land reform. Labour reform is a gone case.
Govt servants reduce kregi to log rone aa jayenge ki sarkari jop khaa rahi h govt. Corporate tax reduce krenge to fir halla ho jayega Ambani-Adani karke...easing regulations include land reforms and labour reforms which are highly political issues and doesn't look possible in a coalition.
Govt shud publish status report for schemes like stand up India , start up india , skill India , nep and many such
best content...why underrated??
Minute 9: on increasing demand/consumption and employment, it being a complex issue it would have been better if options available were divided into very short, short, medium and long term for better understanding of common folks. Similar principle applies to typical economic terms that are not understood by common citizens, e.g. ‘factors’, so while mentioning factors, names of factors at least a few may be mentioned. Let me acknowledge that after coming into this role TCA, you did undertake a kind of simple foundation course for people, but for those who aren’t economic students it would be better that parts are repeated once in a while.
Public Banks are now more profitable,
That is why this the the best time to sell those banks because you will bet better deal.
I do not think govt has given priority to msme : much suffering here
sir, Narasimha Rao's son studied in Government school in Narayanguda , Hyderabad. FYI
New govt : pl work towards lessening the regulatory burden on small cos / traders. We are just going back and forth to CA office. Several notices. Just allow us to work n concentrate on work.
You can't expect low debt and high expense from people, when income does not increase or atleast match with inflation YoY.
Experts say that what command given from VVPAT data sheet to EVM is unknown to voter a complete grey area.Experts suggest parallel command should go from voting machine to VVPAT and EVM not from VVPAT.This aspect may be looked into by ECI, Government & opposition parties to eradicate possibility of predefined manipulation in VVPAT data sheet which send signal to EVM
Pm can rest economic priorities for next 36 month running upto up elections it should be revadi roll out like never before, this result should teach pm and fm lessons good economics don't bring u votes, those freeloaders sc in ayodhya even betrayed ram for false promise of 1 lakh, throw frbm in gutter, not announcing any big ticket policy interim budget led to this debacle in up
We don't want India to be a Police state. Russia & North Korea hold regular elections too, but they are not democracies. Even a blind person could see that we were turning more & more into a majoritarian dictatorship, day by day.
In 10 years, one Party became the World's richest political party. It's very well proved that electoral bonds were the biggest 'legalised corruption' in the World. If the reason for donation was to remove corruption, then why no oversight over trading of the bonds with foreign donors?
It's ironic that the same party has attracted all corrupt politicians, while utilizing PLMA law to target political opponents without evidence. Opposition were being finished using fear of central agencies & blackmail. So India's ordinary voters had to step up & have made opposition far more stronger.
I hope this loss of many seats, will force the arrogant Party to never use Ram mandir ever again. If they don't learn this lesson & keep polarizing, they will lose 200 seats next time & will need help of more coalition partners. Loud voices should stop wasting time. Getting some humility is not a bad thing.
@@xxyz2023keep barking for rest for 5 years and thereafter even they get full majority. Pappu the 🃏 is for sheer entertainment for the public 😂
@@xxyz2023You are so ignorant, kid...
TCA you will get backache if you sit like this (dont take it otherwise)
India will compare themselves to nordic countries with population less than few districts of up or bihar, what joke of comment, in India other than freebies nothing else works, so once pm start giving handout those freeloaders sc will come back in numbers to vote again
Thank God these neo communists lost as of now, the priorities would not be of Modi Government but of public to ward off these communists else we all will pay the price in our life time
Any politicians who do not work to provide Job opportunities will be thrown out.
People are frustrated to see the stark inequality. How the politicians and friends get richer overnight while the people who vote them in get poorer.
Poorer are those who don’t not want to do anything in life
@@shamshersingh9086
If we feed people with religious polarization instead of Quality Education and skill training we will continue to have HUGE inequality.
@@mg.f.9023 dear sir, it is possible when every citizen of India take responsibility and do their duties with utmost dedication.
Politicians and govt can't create jobs. Only businesses can. Hence, businesses should be supported not treated as criminals.
UPA was guilty of actually crony capitalism, when they evergreened loans, and hid bad loans, while the crony promoters siphoned off money through shell companies. But same people, maliciously blamed Modi for loan write-off, in which it was banks that received money, not the corporates.
Time for infra and fiscal prudence is over. Modi should focus on freebies and debt.
Let's not cry for Development anymore. Indian Hindus voted for reservation and Freebies. People only get what they deserve and people deserve what they vote for.
Well said...as much disappointed as we may be...India always comes first...
BJP should continue the growth path...❤
@@pankajtiwari461 Growth for whom? BJP isn't running a NGO. People should get what they want and vote for. As a political party , It's the responsibility of BJP to deliver what people want.
1 % of The Rich owns 80% of the Wealth. Who is getting Developed?
@@mg.f.9023 here comes oxfam report mafia
If BJP could have given 2x effort in education, skill development of youth, more seats in education institutions than breaking parties in different states, then results would have been different. People deserve good governance, not netas staying in 5 star resorts and changing parties overnight. The money spent in fees of Harish Salve in Supreme Court, could have easily helped life of 100 orphans.
BJP don't know economics, and NDA will be no different, it will crumble under pressure from coalition partners and lose its economic goals!