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The real danger with the equality messiahs is their favoured policy prescription, namely tax. Applying Western narratives on taxing the rich more on their incomes and wealth is counterproductive in India.
The employment rate in India is falling. Profit inflation is rising. A solution is shown to lie in public investment and public works, and a reduction in the degree of monopoly and/or profits.
While the Great Indian Poverty debate has been animated by welfare data, it doesn’t alter our main aim of expanding India’s economy.
India should review tariffs and adopt a strategy aimed at an economy that’s globally competitive
ItwasMay1,1960,whenGujaratasaseparatestatecameintobeing,anditalsomarkedthefoundationdayofthestateofMaharashtra.ThetwocameintoexistenceaccordingtotheBombayReorganisationAct.