Thanks to UPA, India is now the Sick Man of Asia

We possess an insidious subsidy culture. If an election is coming, a quick word will raise the LPG cylinder cap or lower CNG prices, ignoring gaping fiscal deficits. In the idealised public sector era, subsidies were a symbol of our commitment to bring about egalitarian growth, protecting our infant industries. Now, in the last decade, our central government has spent almost Rs 11 trillion on subsidies - mostly captured by the upper class (fuel subsidies) and large farmers (fertilisers).

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