JAM could wipe every tear from every eye

A holistic view on India's allocation conundrum detailing allocation, number of beneficiaries and leakages

The Indian economy can hope to achieve ‘nirvana’ by better targeting of subsidies — which, on the one hand, protect the poor, while, on the other, allow prices to perform their due role in allocation of resources. This, in turn, will boost growth. Economic Survey 2014-15, perhaps for the first time, takes a holistic view on India’s subsidy conundrum, detailing item-wise allocation, estimated number of beneficiaries and the leakages. Read our full coverage on Union Budget It suggests dovetailing the Jan Dhan Yojana with Aadhaar and Mobile platform ...