Govt Should Adopt Long-Term Fiscal Policy For Poor, Middle Class

India is probably the most populous country in the world. Despite the prominent presence of Indians in the list of the world’s richest, India has not qualified to sit in the ranks of ‘developed’ countries. 

The number of billionaires in India has increased in the last two years. Gradually their daily income fleet. Yet even after 75 years of independence, India is definitely a ‘developing’ country. While giving the lesson of Sahabat, the elders teach, don’t talk to each other. 

Similarly, India is termed a ‘developing’ country rather than a ‘poor’ country. This coexistence of billions of poor people next to the power of rich people can be called ‘darkness under the lamp’! 

The one and only reason for this stark contrast is inequality, which is actually increasing. The easiest way to reduce financial or income inequality is to increase the income of the poor and middle class. 

Their source of income may be agriculture, business, profession or employment. But there are no positive signs in any field today. 

Dependence on agriculture is maximum for survival. But the field of food donors is woefully neglected. Small and Medium Enterprises (MSMEs) are suffering due to absence of sound government policies, bureaucratic complexity, lack of transparency and poor credit system. 

Government job opportunities are shrinking day by day. There is growing uncertainty in the labor market—both organized and unorganized. So in terms of per capita income, India is a backward country.

 Average income of an Indian is only 2000 dollars. As a result, India is ranked 142 out of 197 countries. 

However, India is the fifth largest financial power in the world today in terms of total GDP. People hope to earn and live well. 

If the income is low, It becomes difficult for the poor and the middle class to survive somehow. A glimmer of hope in this financial situation is cheap goods, fair prices for Niden.

 It is possible to get more things at less cost. But the situation in India has been the opposite for a long time. 

Even after passing through the corona epidemic situation, where we stand, it cannot be considered favorable. 

Petrol, diesel, cooking gas, rice, flour, oil, milk, eggs, medicines, car rent, schooling, insurance premiums, medical services, home construction equipment have all become fire prices. 

As a result, families with reduced incomes are in dire straits. Those who are still unemployed or suddenly out of work, their misery is endless. 

Only a very small proportion of the elderly receive decent pensions. Fewer jokes than the pension union through the EPF scheme.All in all, the common people are constantly crying. 

Opposition political parties and public representatives are criticizing the government. 

But the Modi government at the center is listening to everything. Meanwhile, the ruling party BJP has had to pay a heavy price in several state assembly elections and municipal and panchayat polls. 

Loksabha election every year. Before that there are assembly polls in some states. The ruling party knows that during the assembly polls, the minds of the suffering people will be largely prepared for the next Lok Sabha elections. 

It simply means that the brilliance of 2019 may torment the 24th only as a historical precedent. It may be difficult for Modi-Shah to come back somehow. 

So from now on, the ocher camp itself has started counting. It is the grassroots leaders of Modi’s party who have started sending messages to Delhi. 

Similarly, BJP MPs, MLs are courting the government in this language, Do something now to reduce the cost of goods and increase employment. 

Common people should be given complete relief. Otherwise it will be difficult to avoid disaster in twenty four. It is heard that a positive response to the cries within the party can be found in the upcoming Union Budget. 

Nirmala Sitharaman can take some ‘philanthropic’ measures, albeit symbolic. But, life is not one day or one vote, it is long, and consistency is its religion. 

Therefore, the government should adopt a long-term fiscal policy keeping the poor and the middle class in the priority list. 

And consistency is his religion. Therefore, the government should adopt a long-term fiscal policy keeping the poor and the middle class in the priority list

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