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Chidambaram highlights ‘unemployment' as key challenge during Union Budget debate in RS
The Daily Guardian
|July 25, 2024
During the discussions on the Union Budget 2024-25 in the Rajya Sabha on Wednesday, Congress leader and former finance minister, P Chidambaram, raised four major challenges facing the economy.
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The most significant challenge is unemployment. Data released by the Centre for Monitoring Indian Economy (CMIE) indicates that the unemployment rate for June 2024 is 9.2%. Chidambaram emphasised that the primary challenge for the economy is creating sufficient employment opportunities. He pointed out that the budget’s announcement of the employment-linked incentives (ELI) scheme suggests that he Production Linked Incentives (PLI) scheme is not generating the expected employment. He requested the finance minister to disclose the number of jobs created by the PLI scheme.
Dit verhaal komt uit de July 25, 2024-editie van The Daily Guardian.
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