The Congress party today released its Lok Sabha polls manifesto titled 'Congress Will Deliver'. The 55-page manifesto focuses on unemployment and farmer distress and reiterates the party’s promise of minimum income guarantee, filling government vacancies and a simplified GST.
To discuss the manifesto, where a lot has been promised on economic policy, CNBC-TV18's Shereen Bhan spoke to Salman Soz and asked him how the party would fund these projects if it was voted to power.
“NYAY, the education budget - these would be delivered over a period of time, these are to be staggered, to be done in phases. We are not saying the education budget is going to be 6 percent of GDP by the end of 2019. I think it is going to be done over five years,” said Soz.
Soz said NYAY has a great potential to come in as a fiscal stimulus for the poor who have been beaten down by demonetisation, GST, poor farm prices, etc.
Throwing more light on the funding, he said along with the centre, even the states will have to participate. According to him, India needs a stable framework and needs to get to double-digit growth.
“One of the things that have come out very clearly in the manifesto is we will be disinvesting from all central government enterprises that are not core or strategic in nature,” added Soz.