Budget Speech: 5 Points To Consider

by GoNews Desk Edited by GoNews DeskFeb 01, 2022 • 09:42 AM Views 1058

1. India Running Largest Food Distribution Drive: The President Lauded This ‘Achievement’ Of The Govt. Yet, In 2020-21, Foodgrain Exports Like Rice, Wheat and Maize Jumped By A Whopping 57.7% While Global Hunger Index Ranking Slipped From 94 To 101.

2. “The Govt. Increased Exports By 1.5 Times Against 2020 Levels: $300 Bn. Reached”. However, India’s Trade Deficit Also Rose To $21.7 Bn In December, On The Back Of 38% Increased Imports, Total Deficit In 9 Months Is $115 Bn. 

3. MSME’s Supported By Govt: ₹3 Lakh Crore Given To MSME’s, Saving 1.5 Crore Jobs And Benefitting 13.5 Lakh Crore, As Per The President. 

• But, On November 2021, MSME Minister Narayan Rane Said ‘No Data Available’ For Job Losses In MSME’s 

4. Start-Ups, Manufacturing Sector Given Boost During Pandemic, Creating Employment. However, Unemployment In India Is 7.91% In December, As Per CMIE, Representing A 4-Month High Since 8.32% In August. 

5. The Govt. Announced That ₹1.80 Lakh Cr. Being Given To 11 Cr. Farmers, Which Only Comes To ₹16,363 Per Family. For A Family Of Four This Is Only Slightly More Than ₹4000 Per Year.