Moneycontrol PRO
you are here: HomeNewsOpinion

The PM is right, India’s government spending is too high 

India’s govt revenues/GDP ratio for its level of per capita income is all right; it’s the govt expenditure that is the problem

August 10, 2022 / 10:15 AM IST
The PM is right, India’s government spending is too high 

In the last two years, the government had to support the economy as the pandemic led to much lower levels of private sector activity

The prime minister has recently drawn attention to the pernicious impacts of freebies on the Indian economy. The data fully support his contention. Simply put, India’s government spends too much. The accompanying table shows the level of per capita income (in purchasing power parity terms at constant 2017 dollars) of various countries we like to think of as our peers. Most of them have far higher levels of per capita income than ours. Despite that, India’s government revenue/GDP ratio is...

  • PRO Panorama

    Moneycontrol Pro Panorama | Is a geopolitical thaw in the making? Markets are not holding their breath

    Dec 2, 2022 / 03:24 PM IST

    In today’s edition of Moneycontrol Pro Panorama: China unrest is bad news for Xi Jinping, Jet Airways' future looks cloudy, fuel prices and politics do not mix, all that glitters is gold, and more

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers