Business Standard

How to shape a welfarist agenda that ensures long-term, inclusive growth?

Competitive welfarism is a consequence of India's failure to deliver inclusive growth. Can it be shaped so future growth is assured?

welfare schemes
Premium

Illustration: Binay Saha

Mihir S Sharma
It is common now to decry the competitive welfarism that is a feature of recent Indian elections. The state elections conducted towards the end of last year were won by the Congress party after it promised to waive outstanding agricultural loans. In this year’s general elections, the ruling Bharatiya Janata Party hopes its direct transfer to farmers announced — against all precedent — in the interim Budget would help sway some rural voters. The Congress, meanwhile, has announced a minimum income guarantee scheme that is considerably more expansive — but also appears far more difficult to implement, since it is
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in