Deepanshu Mohan, associate professor of economics at the O.P.Jindal Global University, observed that the massive slash in the social sector spending coupled with the unimaginative move to push Capex in the latest Union budget may not bring any succour to common people. He said such moves will aggravate existing crises such as inflation, historically high unemployment, and low savings in the country.
He also spoke about why populist leaders like Narendra Modi have been able to hold sway over a majority of voters despite failures on multiple fronts.