Budget 2025: Only tinkering, no vision
It needed to signal a paradigm shift. It didn’t
It needed to signal a paradigm shift. It didn’t
Manmohan Singh would have readily agreed that his 1991 economic doctrine has run its course. But this budget fails to present a new paradigm. Rather than getting out of the way of entrepreneurs, as the Economic Survey recommended, it meddles more in some areas
India’s middle class is upset. Very upset, at what they perceive as a betrayal and injustice by Prime Minster Narendra Modi and Finance Minister Nirmala Sitharaman.
Two key job schemes announced in the budget on employment-linked incentives and apprenticeship were mentioned in the Congress manifesto.
Hiding behind the reputational ‘pallu’ of the RBI will not solve the jobs crisis, ideas like the Employment Linked Incentive (ELI) will incentivise job creation.