Vivek's Commentary

Economists advocating for economic growth put forth two crucial arguments. First, they posit that growth possesses a trickle-down mechanism whereby even if the benefits of growth initially accrue to the upper echelons of income, they ultimately extend to the impoverished segments of society. Second, in instances where this trickle-down process fails to materialize, the surplus generated from economic growth can be equitably reallocated through welfare initiatives. An exemplar of such a welfare scheme is the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), which was enacted in 2006. During this period, India experienced a period of robust economic expansion. However, this prompts the question of whether the government should solely target a specific income threshold. In the 2000s, the governmental objectives were not confined to attaining a predetermined income level but were instead oriented towards cultivating sustainable and balanced economic growth that concurrent