A continued attack on social sectors4 min read . Updated: 01 Mar 2016, 11:37 PM IST
Budget allocations are too miserly for good quality delivery of nutrition, health and education services
Despite all the hype about India’s rapid growth in the face of global gloom, it is evident to most observers that all is not well in the Indian economy. Rural distress is growing; public social service delivery is in a state of collapse in many states because of the drastic cuts in central transfers to state governments under these heads; employment growth (especially formal jobs) is simply not picking up; banks are under stress of non-performing loans; and investment rates continue to fall. Clearly, the economy is urgently in need of a demand stimulus as well as more government spending on infrastructure and public services.
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