‘Freebies’ may give temporary respite to masses, but can put a dent in India’s economy

‘Freebies’ may give temporary respite to masses, but can put a dent in India’s economy

Representational image | Wikimedia Commons Recently, the Supreme Court of India said, “God save the Election Commission of India if it can’t stop poll freebies”. This raises serious concerns in our minds—Are freebies so bad that their repercussions might cause havoc in the country of 1.4 billion people? Well, if you take some data into consideration, you would be startled to know that most of our states are in huge debt.

Bihar, Kerala, Punjab, Rajasthan, and West Bengal are the most stressed fiscally, according to RBI. Punjab has the highest GDSP-to-debt ratio, which is a whopping 53 per cent and […]

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