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Searched Tag: world bank chief economist kaushik basu
The Modi government needs to prioritise the welfare of ordinary citizens in the upcoming Budget and allocate more funds to the manufacturing sector to boost small businesses and create jobs, said former World Bank chief economist Kaushik Basu on Tuesday.

Former WB economist Basu calls for welfare focus in Budget

July 16, 2024, 02:08 PM - 2 min read

Union Finance Minister Nirmala Sitharaman is set to present the Budget for 2024-25 in the Lok Sabha on July 23. Basu suggested that the rich could afford higher taxes, and using this revenue to support the manufacturing sector could significantly boost labor demand, aid small businesses, and increase the income of ordinary people.

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