I don't understand their economicsEarlier, whenever the present ruling party at the Centre used to mention the GDP growth statistics and various other development statistics, the leaders of the opposition parties and some top intellectuals would say that these statistics were/are meaningless without any populist measure for the people.
Now the Government has presented a populist, election-year budget. When the voters don't care about policies and long term factors, the people ultimately get budgets which throw candies. The present Government brought major policy changes like the IBC, RERA, Diesel Deregulation and the biggest tax reform to date, i.e., GST. But, policies don't win votes. The Government pushed on the biggest social schemes for making cooking gas, electricity, toilets, health insurance, universal. But, social schemes for long-term don't win votes. Ultimately, our democracy runs by throwing free money.
Now the present budget has exactly done that. It has thrown free money. But even now the opposition leaders and intellectuals are not satisfied. Now, they are saying that it is an 'unethical' budget.
What is unethical? If the next Government wants to continue these populist proposals, it can do it. If the next Government doesn't, it would replace these with revised proposals.
What is the objection? Why don't I understand their economics (politics)?