Profile picture
Akhilesh Mishra @amishra77
, 10 tweets, 4 min read Read on Twitter
One way to analyse #Budget2018 is to not look at in isolation but as a stunningly well planned sequencing of moves, beginning from 2014 budget and culminating in this, the 5th and last full budget of Modi Government. #NewIndiaBudget 1/10
This sequencing, in respect of moves through budget, can be broadly classified into what has been done on the following fronts A) Aspirational Class ; B) Farmers; C) Women; D) Youth; E) Jobs and F) Overall macro economy. #NewIndiaBudget 2/10
A) Aspirational Class: Ensure every family has bank account---->Direct Transfer of Benefits & Subsidies--->Basic life & accidental insurance--->Enable Formal credit without collateral---->Raise standard of living---->Ensure Medical Insurance for whole family. #NewIndiaBudget 3/10
B) Farmers: Fertilizer availability ensured---->soil health improvement---->integrate all mandis into one national market---->Irrigation reach till the last mile----> Farm Insurance to cover any loss ---->Raise farm income to 1.5 times. #NewIndiaBudget 4/10
C) Women: Secure financial future of every girl child---->smoke-free life of dignity for every woman---->incentivise women to stand up as entrepreneurs through collateral free loans---->incentivise employment of women in formal sector through EPF reform. 5/10 #NewIndiaBudget
D) Youth: Expand IITs, IIMs, Medical colleges, NITs---->Skill India ---->Expanded scholarships ambit and accessible for all ---->ATAL Innovation Mission for spurring the innovation culture---->Launch of RUSE---->1000 PM research fellow for high end research. #NewIndiaBudget 6/10
E) Jobs: Mudra to fund every job-givers dream (10 crore+ already funded)--->Make In India (electronics manufacturing just one of many success story)--->GST push formal employment--->5% tax benefit for MSMEs (99% of Indian companies)--->Govt bears EPF expense. #NewIndiaBudget 7/10
F) Macro economy: India No. 01 FDI destination in world---->low inflation---->control fiscal deficit---->GDP growth among highest in world---->ease of Doing Business--->less cash economy--->GST--->High exports---->High growth--->More formal jobs. #NewIndiaBudget 8/10
If we really think through then it is plainly obvious that despite all the noise and drama the Modi govt had a very detailed plan chalked out in 2014 and absolutely nothing made it change course.Result: India from Fragile Five in 2013 to Bright Spot in 2018. #NewIndiaBudget 9/10
As we asses 2018 budget in historical context, remember that it will be this budget that will be remembered for mainstreaming the concept of "Ease of Living' as a goal for governments. A concept not borrowed from abroad but, at this level, invented in India. #NewIndiaBudget 10/10
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Akhilesh Mishra
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($3.00/month or $30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!