Budget 2015: All is not well with farming
By: Ashok Gulati
Finance minister wants to take India on a high-growth trajectory of double digits, surpassing China, in a year or two. He says it is India’s time to fly, as is also noted by The Economist. His focus is on infrastructure and industry, especially through the Make-in-India initiative. Other sectors don’t seem to be as central to his strategy. The poor can be taken care of through JAM (Jan-Dhan Yojana, Aadhaar, and Mobile services) and by reducing leakages in subsidies, and not cutting these. Will this strategy work? Let us look at China in the early stages of its reform process, to see if there is something to learn.