The Congress party has voiced strong disapproval of the Union Budget, calling it “completely derailed.” This criticism comes despite Finance Minister Nirmala Sitharaman’s assertion that the budget features four key engines that will drive development. These engines, she explained, include agriculture, small businesses (MSMEs), investments, and exports. However, Congress leaders believe the budget falls short in providing actual plans to support these crucial sectors.
According to the Congress party, the budget lacks the necessary substance to truly boost the economy. Jairam Ramesh, a top Congress leader, commented sarcastically on the four engines mentioned by the Finance Minister, implying the budget talks a big game but delivers little. This statement showcases the party’s doubt about the budget’s ability to achieve the intended growth. They believe that the budget lacks the practical steps needed to stimulate the economy, especially for farmers and small business owners.
This disagreement occurs as economic struggles continue to affect many people and businesses. The opposition’s reaction emphasizes the large political gap regarding the country’s economic policies. It also suggests growing public unease with the government’s strategies. This criticism suggests a bigger conversation and debate will occur on fiscal policies. The budget and its effects are expected to remain a major topic of discussion, as it’s the foundation for the future of economic development.