Editorial

Budget Shows BJP Is Confident About Win The 2024 General Election

Despite it being an election year, the Narendra Modi government cut down the budget for agriculture sector, social sector, welfare schemes etc in its budget. 

The announcement of income tax exemption for the middle class, which initially appeared to be big, on analysis started to appear to be ostentatious. 

It has become clear that the motive behind this is clearly to end the deduction available under various sectors. 

Apart from this, the government has also decided to impose tax on the amount of insurance maturity. 

A special thing of this budget has been said to be a 33 percent increase in capital expenditure. 

But the details of how much of this amount will go to big corporate houses in the form of subsidy and how much public property will actually be created have not been given.

So it is clear that the government is confident that it has such a formula to win the elections, due to which even the burden imposed by the budget will remain ineffective. 

The Economic Survey, which came just before the budget, said that the economic growth in the financial year 2022-23 was due to these three reasons: increase in demand after Corona, increased exports in the first few months of 2022 and expenditure by the government. Two of these things are showing ominous signs for the next year. The demand is not expected to increase further next year. New jobs come and salaries increase, so then demand increases. 

Right now, not only in India, but in the whole world the situation is opposite to this. There is also no possibility of increase in exports. Obviously, the economy of the common man is going to remain shaky for the time being. 

The debt burden of the government itself will increase, it has been said in the budget itself. 

Despite this, the slogan of Amrit Kaal has been raised, so this also indicates the excessive self-confidence of the government.

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