PM Modi emphasizes on ‘financial discipline’ as opposed to ‘irresponsible populist measures’
global debt crisis’ which he noted, is “a matter of great concern for the world, especially (for) developing countries". In an interview with news agency PTI, PM Modi has said that "irresponsible" financial policies and populist measures only bear fruit for short term. He reiterated the claim the populist measures will extract a "great social and economic price" in the long term.
PM Modi in the interview with PTI, said he has urged state governments to be conscious about financial discipline. "Whether it is in the National Conference of Chief Secretaries or any such platform, I have said that irresponsible financial policies and populism may give political results in the short term but will extract a great social and economic price in the long term," Modi said, as he cautioned against politics based on populist measures. "Those who suffer the consequences the most are often the poorest and the most vulnerable." PM Modi's remark on populist economic measures seemed to echo the Bhartiya Janata Party (BJP)'s opposition to what they call ‘revdi’ or 'freebie culture, in a jibe at opposition parties before any election.
Ahead of Lok Sabha Polls 2024, PM Modi said before 2014, the country saw many governments that were unstable and therefore, unable to get much done. "But in the last few years, the people have given a decisive mandate, which has led to a stable government, predictable policies and clarity in the overall direction," Modi told PTI. "By 2047, I am sure that our country will be among the developed countries.
Our economy will be even more inclusive and innovative. Our poor people will comprehensively win the battle against poverty. Health, education and social sector outcomes will be among the best in the world.
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