States Compete For Industrial Investment, Just Handful Emerge As Victorious
There have been loud political battles in Mumbai since Maharashtra lost the Rs 1.54 lakh crore Vedanta-Foxconn semiconductor project to Gujarat. This, however, is smart politics. Such politics puts pressure on state governments to actively pursue private investment. Having employment, investment, and living standards become regular top-list concerns in party debates and voter attention will be even better for the political system. The PM's remarks sparked a national discussion over rival promises of freebies, which is the worst type of politics because, if freebies dominate policy thought in the present, the future would necessarily be dark. The good news is that certain governments are competing for high-stakes international investment despite freebie politics, and they are doing s...
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