Budget should focus on creating jobs and minimizing inequality in economy: Former RBI Governor Subbarao

Since the upcoming budget for the year 2022-2023 was about to be presented on February 1,2022, by The Finanace Minister Nirmala Sitaraman ,The Former RBI Governor Subbarao said that this budget should focus mainly on creating jobs and bringing the widening inequality in the economy.

Accelerating growth is the objective of every budget as it should be this one.But,this budget should focus especially on bringing the widened inequality in the economy.

“India is one among the most unequal countries in the world”said the World Inequality report.Citing this report,he said that such inequality is both morally and politically corrosive.He added that,we are in need of job intensive growth.

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