The BJP’s Nightmare Began with The Congress 2024 Manifesto

 

The BJP’s Nightmare Began with The Congress 2024 Manifesto


The BJP’s Nightmare

Over the last decade, the Aam Aadmi Party (AAP) in Delhi has embarked on a transformative journey, embracing Keynesian economic principles to implement a series of social welfare initiatives. These measures include providing residents with free utilities such as 200 KW of electricity and 20,000 gallons of water each month, free bus service for women, high-quality education, comprehensive healthcare, and free pilgrimage for seniors. Such policies not only enhance the quality of life but are designed to stimulate economic growth by increasing disposable income and encouraging consumer spending.

The underlying principle of these initiatives is grounded in Keynesian economics, which advocates for stimulating economic activity through government spending. By alleviating some of the financial burdens on citizens, these policies increase disposable incomes, thereby boosting demand across various sectors of the economy. This, in turn, can lead to higher economic activity and potentially increased tax revenues, creating a virtuous cycle of growth and investment. The success of these policies in Delhi has reportedly led to higher revenue for the state compared to previous years, underscoring the effectiveness of such economic strategies.

Seeing the success in Delhi, other political entities such as the Congress party have adopted similar models in the states they govern, indicating a growing acceptance of welfare-oriented, Keynesian-inspired policies across different regions of India. This shift reflects a broader understanding of the benefits of such economic strategies in addressing the needs of the less affluent while fostering overall economic growth.

Looking to expand on Delhi's success, the INDIA bloc, a coalition of various opposition parties, proposes even more comprehensive socio-economic interventions. Their ambitious plans include offering one-year paid internships for jobless graduates, increasing the minimum support prices (MSP) for farmers, raising daily wages under the MNREGA scheme, and doubling the salary of Anganwadi workers. Although these programs could cost the government between 10 to 15 lakh crore rupees annually, they are expected to inject significant capital into the economy, potentially generating up to ten times the initial expenditure through increased economic output and consumer spending.

Beyond the immediate economic benefits, these policies aim to address systemic inequalities and entrenched social issues such as the feudal structures that persist in many parts of India. For instance, direct benefit transfers for food subsidies could reduce inefficiencies and corruption in the distribution system, ensuring that the benefits reach the intended recipients efficiently. This approach not only reduces government expenditure but also promotes fairer economic practices.

In conclusion, the approach taken by AAP in Delhi and proposed by the INDIA bloc on a national level reflects a strategic application of Keynesian economics to modern Indian politics. These policies focus on inclusive economic growth and direct intervention to uplift the less privileged, aiming not just to stimulate economic activity but also to forge a more just and equitable society. If implemented effectively and transparently, these measures hold the potential to transform India's socio-economic landscape, promoting sustainable development and reducing disparities across the country.

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