So far no steps have been taken by the Modi govt on its promise of "Minimum Government and maximum governance". The size of the government bureaucracy still remains the same and is eating up the development budget of the Central and State Governments. The divestment of the public sector industries has not yet kicked off and continues to drag down the economy. The report of the seventh pay commission recommendations will cause dissavings by hike in salaries and are also expected to exert severe pressures on Capital expenditure in the coming years.
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Is India The Next China?
So far no steps have been taken by the Modi govt on its promise of "Minimum Government and maximum governance". The size of the government bureaucracy still remains the same and is eating up the development budget of the Central and State Governments. The divestment of the public sector industries has not yet kicked off and continues to drag down the economy. The report of the seventh pay commission recommendations will cause dissavings by hike in salaries and are also expected to exert severe pressures on Capital expenditure in the coming years.