Budget 2023: The CEA also said that as nominal and real GDP growth improve, many more urban jobs will be created and that will also absorb more of the rural workforce
Govt has decided India s past Covid crisis by reducing fiscal support in Budget: Yamini Aiyer
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Synopsis
“With the push on capital expenditure and infrastructure, it seems like the government has determined for itself that India is entering a post-pandemic phase and the immediate crisis around the pandemic, for which fiscal space needs to be created, (is over),” said Yamini Aiyer, director of the Centre for Policy Research during the event.
Agencies
Expenditure on the MGNREGA was reduced to Rs 73,000 crore in the budget against Rs 1.1 lakh crore in the revised estimates for FY21.
The government seems to have decided that India is beyond the Covid-19 crisis, evident from the planned reduction in expenditure on the rural employment guarantee scheme, said experts during a virtual discussion on the Union Budget 2021-22 on Monday.