Govt spending must pursue evidence-based policy for best outcomes

It's important to see the quality of spending and missing gaps in resource provision

There is no substitute for evidence-based public policy. Incorrect narratives can often confound public spending and create a feel good factor that may not reflect true human wellbeing at the bottom of the pyramid. There is a very good reason to keep fiscal deficits under check; it is equally important to see the current quality of spending and some of the missing gaps in resource provision, based on the evidence at hand. While India’s current macro indicators rightly give confidence to retail investors, central bank, rating and investing agencies and multi- lateral institutions, it is equally important to see some