
Congress leader Jairam Ramesh urged the upcoming Union Budget to address critical economic issues including sluggish investment, declining household savings, and rising inequality. He criticized the government's fiscal direction, citing concerns over states' shrinking fiscal space due to new cost-sharing formulas for schemes like MGNREGA. Ramesh highlighted that private corporate investment remains weak despite tax cuts and that falling household savings constrain economic growth. He emphasized that widening disparities in wealth, income, and consumption pose significant risks to social stability and growth.
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