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Wednesday, Dec 08, 2021
Outlook.com
Economy: budget overview

School Of Hard Knocks

The NDA’s high-growth Budget formula, in combination with reduced social spends, is one that India can ill afford at this juncture

School Of Hard Knocks
Tribhuvan Tiwari
School Of Hard Knocks
outlookindia.com
-0001-11-30T00:00:00+05:53

Nobody’s Child

Budget takeaways for whom?

  • Despite having over 280 mn illiterate people, primary, secondary education spends cut by 16%
  • Health and family welfare budget cut by 15% despite high level of disease burden, malnutrition
  • Rise in service tax from 12% to 14% will make healthcare and education more expensive
  • Over 97% cut in central funds for Panchayati Raj, municipalities
  • 14% cut in farm sector funds baffling, considering promises of raising farm income
  • Allocation of funds to Swachh Bharat Abhiyan almost halved

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