Correcting Externalities orReinforcing Inequality?Evaluating India’s VehicleScrappage Policy
By Ananya Vashishth | Spring 2026 – Volume 16 Introduction On any given morning in Delhi, Mumbai, or Bengaluru,a decades-old scooter may idle beside a brand-new SUVat a traffic light. The contrast reflects more thanconsumer preference. In India, vehicles are not merelygoods- they are long-term investments, livelihood tools,and often the most valuable asset a household …