Q.3 Competitive politics to fund mostly non-merit subsidies is pushing a few states in India to the brink of a deep fiscal crisis. Discuss the need to rationalise the subsidy regime in India. (10 Marks)
Mentor’s Comments- https://timesofindia.indiatimes.com/blogs/toi-edit-page/can-politicians-decouple-from-freebies-indias-macroeconomy-is-giving-up-bad-habits-time-indias-politics-does-too/ Discuss the high proportion of subsidies given by states and substantiate with data. Highlight its impact on… Continue reading Q.3 Competitive politics to fund mostly non-merit subsidies is pushing a few states in India to the brink of a deep fiscal crisis. Discuss the need to rationalise the subsidy regime in India. (10 Marks)