ExplainSpeaking | Budget 2023-24: Economic growth, fiscal health and unemployment

From the Explained page of The Indian Express

The Union Budget for the next financial year (2023-24 or FY24) has been announced and chances are you would have read a lot about it. Perhaps, too much. So here’s an attempt to focus on the key metrics that will likely be the fundamental drivers behind the news flow for the coming financial year.   The word “unemployment” was, as the cliche goes, conspicuous by its absence in the Budget speech. This is quite remarkable because India has considerable labour stress and it can become a political issue. Sample the following startling statistic: The total number of employed people in India at the end of December 2022 was lower than the total number of employed people at the start of 2016.

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