The poll-nomics of ‘guarantees’ in manifestos

It is essential for the promising party to declare in the manifesto the proposed methods of finding extra revenue to meet such expenditures.

BySouth First Desk

Published May 03, 2024 | 5:30 PMUpdatedMay 03, 2024 | 5:30 PM

Modi ki guarantee

Election fever is on. An addition to the political vocabulary is the term ‘guarantee’, which has a prime place in all political party manifestos. Several questions emerge: What is the economic logic of providing guaranteed programmes? Is there any quid pro quo between free schemes and seeking votes? Is it ethical? Will that impact the overall fiscal discipline?

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