“Economists warn Rahul Gandhi’s poll promises can ruin India’s fiscal health”, Business Today, May 30, 2024:
“With Congress leader Rahul Gandhi upping the ante on his promise of an annual grant to women from poor families, economists warn the scheme would be a massive strain on India’s finances.
“The scheme would prove to be a substantial fiscal burden. In addition, the increased spending power among a large segment of the population would lead to demand-pull inflation, negatively affecting essential commodity prices,” an economist told Business Today.
In its manifesto last month, the Congress Party promised that if elected to power, it would launch a ‘Mahalakshmi’ scheme to provide Rs 1 lakh per year to every poor Indian family as an unconditional cash transfer…..”
Read the full article at Businesstoday.in
