You know, I've been following Indian politics for ages, and it's crazy how these freebies are changing the game. On one hand, you gotta admit that cash handouts and whatnot can really get people excited about voting. But on the other hand, it's like they're throwing money around like there's no tomorrow
.
I mean, Bihar's deficit is already a 6% problem, and then they throw in these pre-election schemes amounting to 4% of GDP? It's like they're betting on winning rather than planning for the future. And it's not just Bihar – 21 out of 29 states are over 3% in the red, which is basically unsustainable.
It's not all doom and gloom, though. The private sector needs to step up its game and invest in new factories and whatnot, but I guess that's hard when everyone's too busy fighting for votes
. And as for the government, they're stuck between a rock and a hard place – either spend less or cut taxes.
I just hope someone figures out a way to balance welfare economics with responsible governance before things get really out of hand
. The future of Indian politics is gonna be all about finding that sweet spot, but it's anyone's guess right now
.
I mean, Bihar's deficit is already a 6% problem, and then they throw in these pre-election schemes amounting to 4% of GDP? It's like they're betting on winning rather than planning for the future. And it's not just Bihar – 21 out of 29 states are over 3% in the red, which is basically unsustainable.
It's not all doom and gloom, though. The private sector needs to step up its game and invest in new factories and whatnot, but I guess that's hard when everyone's too busy fighting for votes
I just hope someone figures out a way to balance welfare economics with responsible governance before things get really out of hand