Comments by "Raju" (@rajx7120) on "Explained Economy: What latest GDP estimates tell about the state of India’s economy | Udit Misra" video.

Reduce freebies to cut taxes. Too much farm subsidy and too much food subsidy. Farm reform laws are needed. And New labour laws are needed.
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Majority money is going in subsidies. Reduce subsidy. Free agriculture to increase investment in supply-chain and cold storage. Manufacturing friendly labour laws are needed.
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 @David-js4ib Inflation also more under UPA. So, that nullified the growth. And bank NPAs were hidden from 2008 to 2015. By 2013, GDP growth was 3.9% only.
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@chandu25abc20 Loans of BJP are spent on infrastructure. Not on freebies. How you use the loan matters. Infrastructure creates 3 times GDP for the amount of loan. Freebie does only 0.95 times. It's called multiplier. So, infra loans will be paid back. Freebie loans are not. Himachal, Punjab, Kerala are having financial crisis due to freebies. Karnataka is running out of money.
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As per communist, everything was always great. They don't care about wastage in agriculture. They don't care about ease of doing business for manufacturing industries. They want everything free, without paying taxes. That is the biggest irrationality going on.
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I wish people ask to bring back farm laws and new labour laws. These are important to raise small farmer's incomes and create manufacturing jobs.
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Debt to GDP ratio is manageable. It has declined already from 89% after pandemic to 83%. And spending is done on infrastructure. 1₹ debt for infra creates 3₹ GDP as multiplier. So, better than spending on freebies, which don't create more GDP, as they only redistribute existing GDP.
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First jobs have to be created. Otherwise, so many degree holders are unemployed. Majority population is in agriculture. So, agriculture needs to be reformed for increasing productivity. Supply-chain jobs, cold storage jobs, don't need too much education. They just need liberalization. And labour reforms are needed for manufacturing jobs.
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@subhasisjoshi8135 50 years of planned economy created NO GROWTH till 1991. 30 years if liberalization grew economy by 10 times. And you are living in your communist bubble.
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@subhasisjoshi8135 India was an oligarchy till 1991 because of License Raj. So many new companies and unicorns came about since then. And poor are not getting poorer. Inequality doesn't mean that. If rich is making 1 million more, and poor is making 1 lakh more, inequality increases, but poverty reduces. Today, rich farmers who get govt miney are the real cronies,who don't allow small farmers to get a good price in the mandis, and want to exploit small farmers as cheap labour.
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