Budget ’19: Betrayal of the mandate
An examination of the state of India’s economic affairs reveals that the balance sheet of the Narendra Modi government is a lopsided one, with more losses than gains. Unemployment in India was at a 45-year high at 6.1% in the year following demonetisation, while the workforce has shrunk by 4.7 crore since 2011-12. Thirty five farmers commit suicide every day and the farm sector grew at only 2.9% in 2018-19 while agricultural wages grew at mere 4.64%. Agriculture, on which 65% of the country’s population depends for livelihood, is in a state of regress.