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Budget 2018: From Obamacare to ModiCare

For the first time in the history of Budget-making in India, a single Budget will touch 650 million Indians

rural financial institutions
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rural financial institutions

Shailesh Haribhakti
This is a brilliant political, economic statement of intent. Rural India will receive 5.15 million homes, 20 million toilets, 300,000 km of roads and fully-exempt FPOs (Farmer Producer Organisations). Digitisation will fully embrace the entire rural marketing chain, i.e. from farm to fork, by connecting all APMCs to the internet; 1.5 times of input costs will flow back as MSP to the farmers creating massive purchasing power in rural areas. Consumption, which underpins India’s phenomenal GDP growth, will take flight. All this, plus a ModiCare (MC), which will touch a 100 million families at the bottom of the pyramid, will