Economic Affairs

India's states hold the key to its economic destiny

Look beyond the grand election promises by the BJP and Congress. It's the state governments that are driving growth.

In the run-up to India's general election, the country's political leaders have, as usual, showered the electorate with extravagant promises.

In its manifesto, the ruling Bharatiya Janata Party (BJP) has vowed to double farmers' incomes by 2022, starting by offering them zero-interest-rate loans. It will build 100 more airports, metros in 100 cities, set up 150,000 health and wellness centres in three years and boost India's GDP to US$5 trillion by 2025 from US$2.7 trillion (S$3.65 trillion) at present.

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A version of this article appeared in the print edition of The Straits Times on April 17, 2019, with the headline 'India's states hold the key to its economic destiny'. Print Edition | Subscribe