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The recent Budget was a balanced one that emphasized on fiscal prudence instead of going for a populist approach. The economy has become more formalized as seen in the increase of EPFO membership & digital payments. But the informal sector took a hit in this process. Covid had a devastating impact on the lower middle-class & the poor, & according to a report by Oxfam, the gap between the rich & poor is increasing. The number of billionaires in India has increased while poverty still persists, & wealth gap is only increasing.
#budget #india #economy #oxfam #tax #gst #demonetization #money #narendramodi #bjp #nirmalasitharaman #poverty #elections #hwnews
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