Budget fails to address unemployment, farmers' troubles, claims eminent economist Jayati Ghosh

NEW DELHI: Eminent economist Jayati Ghosh has said that Finance Minister Nirmala Sitharaman's budget proposals lack a strategy to deal with unemployment, inflation and farmers' problems.

She said that small concessions given to the middle class are not enough to bring about the changes needed to boost domestic demand in India.

Ghosh told , "Unemployment, inflation, farmers' crisis, viability of small and medium enterprises and climate change are the central problems of the Indian economy and these have not been addressed."

She said, "No problem has been resolved in the budget. While the government has had to admit that these problems exist, it is not ready to make the necessary changes and strategies to actually address the problems."

She said that for example, there is almost nothing for farmers.

Ghosh said, "There are some minor measures which are disappointing. I think farmers across India were expecting some kind of statement about formalising the minimum support price (MSP) system, if not giving it legal backing.”

He said the government could have proactively done something for the 'desperate' youth of the country who want employment.

Related India News

Five killed in fresh violence in Manipur's Jiribam day after rocket attack in Bishnupur district

IMPHAL: Five people were killed in the violence that broke out in Jiribam district of Manipur on Saturday morning,according to reports. Reports said, in the first case,militants barged into the house of one person who lived alone at an isolated location around 5 km from the district head....

Rajasthan: Under-construction two-storey building collapses, many feared trapped under debris

JAIPUR: Some vehicles are feared to be trapped under the debris after the sudden collapse of an under-construction building in Adarsh ????Nagar police station area of ????Jaipur in Rajasthan on Thursday night. According to the police, there have been no casualties in the mishsap. T....

Jharkhand cabinet to waive power dues of Rs 3,584 cr of 39.44 lakh consumers

RANCHI: The Jharkhand government has given a big relief to the electricity consumers.The Jharkhand government has decided to wive off power bills those who are consuming up to 200 units of electricity per month. The proposal was approved in the cabinet meeting held on Thursday eveni....

PM Modi's 'billionaire Raj' is more unequal than British Raj : Jairam Ramesh

NEW DELHI: The Congress on Thursday alleged that Prime Minister Narendra Modi's 'billionaire Raj' is more inequal than the British Raj. Party General Secretary Jairam Ramesh also claimed that when many countries are united on the idea of ??'billionaire tax' around the world, the Government of ....

Modi government has failed to curb crimes against women : Kharge

NEW DELHI: Congress President Mallikarjun Kharge on Thursday alleged in the backdrop of recent incidents of crime against women that PM Modi has talked about women's safety many times, but his government has not done anything concrete in the last 10 years to curb crimes against half of the pop....