Growth in economic growth rates as well as reduction in inequality is a fundamental issue

- Aataapakarana Atapata: Dhawal Mehta

- 6.5% of people living under poverty indicate economic failure

First of all, it is important to know that India's economy is recovering from the economic losses caused by Kovid. FA of 2030-2021. During the year, Kovid's epidemic reduced India's national income by 4.5 per cent (negative growth). Now F. of 2021- 204. The Indian economy is projected to grow at 7.5 per cent during the year. Even if this estimate is correct, the Indian economy, that is, its national income, will reach the level it was two years ago. India's national income The Prime Minister's hope that the current dollar will reach પાંચ 5 trillion (એટલે ​​1 trillion), which is a little over ૬ 2.5 trillion in 205, does not seem to have come true. The income is now ten thousand dollars. It is disappointing that even after 8 years of independence, there are no basic facilities for millions of people in our country. The problems of poverty and inequality in India are structural and it takes many years to solve the structural economic problems. We expect our budget to achieve high economic growth rate and at the same time reduce economic inequality.

Poverty in India:

Although the number of poor in India is declining, this number is also very large. Earlier, poverty was defined on the basis of per capita income. Now, the definition of poverty includes not only the per capita income of the poor but also access to clean water, nutritious food etc. A report by the Oxford Poverty and Human Development Initiative calculates multidimensional poverty and states that The fact that 7.5 per cent of India's population was living in multidimensional poverty in 2016-2017 shows the failure of our economy. Even though China has almost eradicated poverty from its country, it is a good thing that Mr. Modi is moving in the direction that the Manmohan Singh government has taken steps in the direction of welfare state. Moving in the direction.

Can Budget Equity With Growth?

India's deficit finance has been limited to 5 per cent. India's internal debt has reached 20 per cent of its GDP. Unemployment is high and prices are rising. The government's allocation for food and fertilizer subsidies in India's budget widens our eyes. In the 2021-26 budget, only Rs 4.5 trillion was allocated for food subsidy expenditure. One trillion or one lakh crore is calculated and this amount is calculated as Rs 2.5 lakh crore.

The Government of India has allocated Rs 2,50 crore for the subsidy on manure and the government is spending so much on food and manure subsidy that India's economy would have been different if it had been spent on education and health. According to the revised estimates for 2020-2021, the Government of India alone has allocated Rs 4.5 lakh crore for food subsidy. Unemployment in India has risen during the Corona period and consumer prices have skyrocketed. The solution will come sooner or later, but India's two main structural problems, poverty and economic inequality, will take years to overcome.