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India already has a very large and ambitious food subsidy program, which targets over 800 million beneficiaries and has cost running over 2 trillion dollars. Th
by alex_smart 6y ago
India already has a very large and ambitious food subsidy program, which targets over 800 million beneficiaries and has cost running over 2 trillion dollars. The idea that Indian government can significantly expand its social security net in a year where it has had large unexpected out-of-budget expenditure thanks to covid and has simultaneously taken a huge hit in tax revenue due to businesses suffering due to lockdowns, seems, at least to me, based more in fantasy rather than economic reality. And then further to claim that India has failed as a democracy for that reason just seems childish hyperbole.