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Expect More Populist Announcements In The Upcoming Budget, Say Experts
June 07, 2024
|The New Indian Express
THE upcoming Union Budget 2024-25 is likely to see more policy announcements towards sectors such as education, health and unorganised sector to generate more jobs in the economy, as per experts.
According to experts, there is a need to reorient capex towards more labour-intensive sectors than the capital-intensive sectors.
“The organized sector has enough capital. They don't need capital. Unemployment is a big issue so expenditure needs to be increased in labour-intensive sectors like agriculture," said Arun Kumar, former professor of Jawaharlal Nehru University (JNU). Demand needs to be generated at the bottom of the pyramid in the economy, he added while emphasizing on the need for rural infrastructure development and increased outlay for schemes like MNREGA, education and health.
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