Comments by "Raju" (@rajx7120) on "A lesson from UK as Modi govt begins to make Budget 2023" video.

  1. That belief about BJP/NDA is wrong. And brain should be applied correctly. Purely demand-side measures are not good. Inflation under UPA was high enough to eclipse the GDP growth. And NPAs were evergreened. Modi govt's focus on infrastructure, defence indigenization, and PLI schemes are good for creating export jobs, and reducing dependence on China.
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  2. All these things are state subjects. Central govt can only look at macroeconomics. Tax is already high on rich people, equal to Germany's rate. Increasing too much, will make them leave the country, and whatever tax we are getting, will also go away.
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  3.  @mohamedhabib8460  No. We have been doing demand side only, all these years. What benefit did it do? Don't bang your head against the wall and hope the wall will break. Demand side measures work in already developed economies, where infra is already built, industries are already there. In such countries, people are rich enough to tolerate inflation. Imports are more than exports, but both have been rising under Modi. The only reason imports are more is crude oil and cooking oil imports. Modi govt increased incentives for renewable energy, and started Palm oil mission. We have so much fertile land and good climate, that we should not be importing cooking oil, but growing locally. But useless MSP for rice/wheat has screwed up everything. Demand side, gives a short term sugar high, but doesn't lead to growth. You become dependent on imports forever, and prone to external fluctuations. In your arrogance of supposedly superior intellect, you are behaving dogmatically, and unable to recognise your own stupidity.
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