Subsidies put an additional burden on the economy and more often than not result in large-scale corruption, which defeats its intended purpose.
Subsidies put an additional burden on the economy and more often than not result in large-scale corruption, which defeats its intended purpose. Instead of resorting to populist measures, encouraging private investment, improving infrastructure, removing bottlenecks to control food inflation, lowering interest rates on loans, etc., will generate employment as well as, contribute towards inclusive growth. No wonder the old adage “Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime” continues to ring true in these times.
Ketan R. Meher
Virar, Maharashtra
Next Story