7th November 2023 (7 Topics)
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Reinforcement of revdis, not welfare
Context:
There is a trend of competitive populism in various Indian states however; it also raises questions about the sanctity of the MSP and the fiscal sustainability of such policies.
NFSA and Competitive Populism
- NFSA Continuity: UPA's NFSA, 2013 provided subsidized food grains to 35 crore Indians.
- Competitive Populism in Chhattisgarh: Congress pays farmers above MSP for paddy, raising questions on MSP's sanctity and fiscal sustainability.
- Shift towards Short-Term Benefits: Governments favor freebies over long-term investments in education, healthcare, and agriculture, reflecting a deeper political economy issue.
MSP & Fiscal Viability
- Sanctity of MSP: Chhattisgarh pays paddy growers significantly above MSP. This raises concerns about equity for farmers in other states.
- Fiscal Sustainability Challenge: Procuring rice at high MSPs and distributing it for free poses fiscal sustainability risks. Government stocks may grow excessively.
- Neglect of Essential Sectors: Investment in public education, healthcare, irrigation, and agricultural research is overlooked in favor of short-term benefits.
Concerns
- Transactional Voting Behavior: Voters prioritize immediate benefits over long-term development, perpetuating a culture of instant gratification in politics.
- Need for Strategic Planning: Governments should balance short-term freebies with long-term investments for sustainable growth and development.
- Way forward: The need of the hour is to invest in gaining public trust and votes not the freebies being distributed in bulk to buy votes.
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