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Narendra Modi’s 2024 Budget: A Political Move Wrapped in Promises
Indian Prime Minister Narendra Modi’s recent budget announcement has raised eyebrows with its focus on appeasing coalition partners and promises of tax breaks for lower-income groups. The budget aims to empower the middle class and uplift marginalized communities, setting a roadmap for Modi’s third term.
The budget includes revised income tax rates benefiting low-income earners, along with significant funding for states like Andhra Pradesh and Bihar, crucial coalition partners. The opposition has criticized the budget’s focus on certain states and alleged lack of concrete plans for addressing unemployment and other pressing issues.
Furthermore, the budget introduces employment-linked schemes to boost job creation, especially in manufacturing sectors. While the government touts these initiatives as beneficial for millions, critics remain skeptical about their impact on the country’s unemployment crisis.