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Want growth? Just teach India better, keep everyone healthy and yes, drop those EV subsidies

Our current year's budget was presented in July and expected to build on the 8.2% growth in GDP of the previous year. But we did expect the growth in the current year to be lower, as RBI too had estimated it to settle at around 7.
The article from MSN discusses the economic strategies for India's growth, emphasizing the importance of education and health over subsidies for electric vehicles (EVs). It argues that while EV subsidies might seem beneficial for environmental reasons, they could be less effective for economic growth compared to investments in education and health. The piece highlights that better education can lead to a more skilled workforce, which in turn drives innovation and productivity. Similarly, a healthier population reduces healthcare costs and increases workforce participation. The article critiques the current focus on EV subsidies, suggesting that these funds could be better utilized in enhancing human capital, which would provide a more sustainable path to economic development. It also touches on the need for policy reforms to support these areas, advocating for a shift in government spending priorities to foster long-term economic stability and growth.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/economy/want-growth-just-teach-india-better-keep-everyone-healthy-and-yes-drop-those-ev-subsidies/ar-AA1wUGVe ]