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Budget fails to address unemployment, farmers' troubles, claims eminent economist Jayati Ghosh
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."
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.
Five killed in fresh violence in Manipur's Jiribam day after rocket attack in Bishnupur district
Rajasthan: Under-construction two-storey building collapses, many feared trapped under debris
Jharkhand cabinet to waive power dues of Rs 3,584 cr of 39.44 lakh consumers
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Angul youth held on the charge of rape -
Five killed in fresh violence in Manipur's Jiribam day after rocket attack in Bishnupur district -
Rajasthan: Under-construction two-storey building collapses, many feared trapped under debris -
PM Modi's 'billionaire Raj' is more unequal than British Raj : Jairam Ramesh -
Modi government has failed to curb crimes against women : Kharge -
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