2022-23 BUDGET’S SILENCES ON IMMEDIATE ISSUES ARE OMINOUS
THERE IS NO RECOGNITION OF HARD TIMES AND DISTRESS IN THE PROPOSALS
2022-02-04 17:30
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No budget in recent memory has-been presented at a time when the economy is in such dire straits: unemployment is so bad that there are job riots in Bihar and UP; wealth and income inequalities are among the worst in the world; millions more have been pushed into poverty because of the pandemic and the lockdown; and inflation is accelerating even in the midst of massive unemployment. There is an urgent need for a strategy that promotes economic revival, while providing relief to the poor, and contributing to an abatement of inflation. The 2022-23 union budget should have spelt out such a strategy, but, far from doing so, it does not even show cognizance of the problem. The Economic Survey presented to parliament the previous day had shown great complacency; the budget carries it forward.