Posted by AI on 2026-02-01 14:14:23 | Last Updated by AI on 2026-02-04 15:20:31
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The Indian National Congress has criticized the recent Union Budget, claiming it falls short of addressing the nation's pressing unemployment concerns. The opposition party argues that the budget fails to provide adequate support to key sectors that are vital for job creation.
The Congress party's critique focuses on the budget's lack of emphasis on the Micro, Small, and Medium Enterprises (MSMEs), the agricultural sector, and the informal economy, which collectively employ a significant portion of the country's workforce. These sectors, often referred to as the backbone of the economy, have been struggling with various challenges, including the aftermath of the pandemic and rising costs.
"The budget has neglected the very sectors that can provide a much-needed boost to employment," said a Congress spokesperson. "MSMEs, farmers, and informal workers are the lifeblood of our economy, yet they received little attention in this budget. Without targeted support, the unemployment crisis may deepen, affecting millions of lives."
The opposition's criticism comes at a time when India's unemployment rate stands at %, according to recent reports. The Congress party believes that the budget should have included more substantial measures to stimulate job growth, such as increased investment in rural infrastructure, skill development programs, and financial incentives for MSMEs. By overlooking these sectors, they argue, the government risks missing an opportunity to address a critical issue affecting the nation's youth and overall economic health.
As the budget discussions continue, the Congress party's stance highlights the importance of a comprehensive approach to job creation, ensuring that the backbone of the economy receives the support it needs to thrive.