West Bengal's Amit Mitra Criticizes Union Budget for Economic Shortfalls

Amit Mitra, Principal Chief Advisor to the West Bengal Chief Minister, criticized the Union Budget 2024-25 for being 'irresponsible' and 'ineffective' in solving economic challenges. He noted that the budget failed to address unemployment and misled the public with amendments. The budget's reliance on the private sector for job creation was also questioned.

In a striking critique, Amit Mitra, Principal Chief Advisor to the West Bengal Chief Minister, labeled the Union Budget 2024-25 as 'irresponsible' and 'ineffective', claiming it fell short of tackling the country's pressing economic challenges and unemployment.

Mitra argued that the Finance Ministry's numerous amendments to the budget reflect indecisiveness, citing a 'somersault' on Long-Term Capital Gains (LTCG) and indexation policies as examples.

He also scrutinized the unrealistic expectations placed on the private sector for employment generation and highlighted declines in household savings, overall consumption growth, and subsidies, along with a drop in average monthly income for workers.