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What now?
1. Reduce the GST to 16%. It will cost 1.8 lakh crores, which is roughly what the govt got from the RBI as a windfall. People spending the money has a much higher chance of driving the economy than the Centre spending it.
1. Reduce the GST to 16%. It will cost 1.8 lakh crores, which is roughly what the govt got from the RBI as a windfall. People spending the money has a much higher chance of driving the economy than the Centre spending it.
2. Cancel all the Centrally Sponsored Schemes. Give that money to the states, or even better to the local bodies. Public expenditure at lower levels of governance will give the economy higher velocity than the slow pace of Central expenditure.
3. India is urbanising, but the legislatures are full of candidates from rural areas. Make the Delimitation Commission permanent, and redraw constituency boundaries WITHIN states every 10 years to reflect migration to cities.
