Left Parties Criticize Modi 3.0 Union Budget: 'A Contractionary Miss'

Left parties have criticized the Modi 3.0 Union Budget, calling it contractionary and inadequate in addressing key issues like inflation and unemployment. They argue it enriches the wealthy while impoverishing the poor. Specific grievances include neglected social sectors and questionable GDP projections, describing the budget as deceitful and aimed at masking governmental failures.

Left parties on Tuesday slammed the Union Budget, labeling it as contractionary and insufficient in addressing critical issues such as inflation and unemployment.

Reacting to the Modi 3.0 government's inaugural budget presented by Finance Minister Nirmala Sitharaman, CPI(M) emphasized the absence of wealth or inheritance tax and relief on indirect taxes, accusing it of further impoverishing the poor while benefiting the affluent.

The budget `fails to address either inflation, unemployment, inequalities, and the slowing down of private investments,' stated CPI(M) General Secretary Sitaram Yechury in a video message. He criticized the budget for reducing fiscal deficit instead of expanding economic activity.

(With inputs from agencies.)