Is Statue of unity a waste of public money?

This argument on wastage of public money when almost the entire work done is indeginous in a country like India emanates from lack of complete economic understanding & the world monetary setup which is no longer based on old commodity based system but credit based system.
The fact is that in this setup fallacy government has virtual monopoly over money & the concept of money in itself is not equivalent for a household & the government. So a household has to decide whether to spend the money on product A & B, in case of government with so much slack in factors of production money is not a store of wealth for government rather its just an account measure or a medium to transfer or allocate resources.
Yes if one overdoes it then boundary limit & productivity issues come into picture but certainly not in this just one off case but let me tell you building the world’s largest statue doen’t stop the government by even an iota in spending on other social sectors in summary spending on statue & healthcare are mutually exclusive.
Often I have seen people extending this argument even when our country launches satellites etc. & say that should India be spending that money on healthcare for poort etc.
A brief presentation on the economic fallacy behind this argument. For a slightly more technical presentation (though even that is not too technical) link is in the description of this video:

https://www.youtube.com/watch?v=5iXXH4UcRqw

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