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Prioritize Social Investment Amidst Economic Upgrades
Related Article: S&P lifts India rating despite US tariff risks - dawn.com - Friday, August 15, 2025, 12:57:38 AM Eastern Daylight Time
Target: Government of India, Ministry of Finance
Goal: Urge the Government of India to prioritize investment in public services, social protections, and equitable development, rather than focusing solely on fiscal consolidation and credit ratings.
The recent upgrade of India's sovereign credit rating by S&P highlights the government's commitment to fiscal consolidation and economic growth. However, these metrics do not reflect the lived realities of millions of Indians who continue to struggle with unemployment, inadequate healthcare, and underfunded education. While international agencies focus on fiscal discipline, it is essential that the government centers the needs of its people, especially in the face of global trade uncertainties and external tariff threats.
We call on policymakers to ensure that fiscal consolidation does not come at the expense of social investment. Economic growth must be inclusive, and budgetary decisions should prioritize public services, job creation, and social protections. Let us use this moment of international recognition to build a more equitable and resilient society for all.
Key Demands
- Increase public investment in healthcare, education, and social welfare programs.
- Protect and expand employment opportunities, especially for marginalized communities.
- Ensure that fiscal consolidation measures do not result in cuts to essential public services.
- Implement progressive taxation to fund equitable development.
- Engage in transparent public consultations before major fiscal policy changes.
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(C)opyright 2025 - TruthAndResistance.com
(C)opyright 2025 - TruthAndResistance.com