🔴 S Mahendra Dev writes: In the near term fiscal policy can play an important role by expanding fiscal space while fiscal deficit can be stabilised in medium term
S Mahendra Dev writes: The narrative of Indian agriculture has to be changed towards more diversified high-value production, better remunerative prices and farm incomes. It must be inclusive in terms of women and small farmers; it must be nutrition-sensitive, environment friendly and sustainable.
Farmer producers organisations could be a solution to the agrarian distress if they are helped to access credit and markets
Budget needs to ramp up spending on health and education. Pandemic has enhanced inequalities, shown up absence of safety nets.
We need to provide minimum income for poor and vulnerable — cash transfers for women, increasing MGNREGA to 150 days in rural areas, introduction of urban employment guarantee scheme.
Growing divergence between consumption expenditure estimates from NSO surveys, GDP data is too big to be pushed under the carpet.
The Centre has to work closely with states similar to GST council for achieving higher growth. The massive mandate of the new government will help such coordination.
Estimates are not perfect, but the process is revised and fine-tuned.