This refers to Arvind Subramanian’s article “Is the Modi miracle overrated?” (January 23). In terms of tax collection to the gross domestic product ratio, it may be incorrect to consider only the revenue side. To get a more balanced picture, it is necessary to also look at expenditure. If the Modi government has been able to reduce non-Plan expenditure as also the overheads on its establishment, it will have more funds for development, the lower tax collection notwithstanding.
Kishor Kulkarni Mumbai
Letters can be mailed, faxed or e-mailed to:
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg
New Delhi 110 002
Fax: (011) 23720201
All letters must have a postal address and telephone number