Building a Wider
Horizon With Labour
Finance minister Nirmala Sitharaman’s speech while presenting Budget 2022 is littered with words, ‘jobs’ and ‘employment’. The words reflect the core ideological position of the budget. What is being conveyed is that large-scale budgetary provisions for capital investments will facilitate higher GDP growth, which in turn will bring jobs and employment, thereby increasing income of the poor. The political economy of this trickle-down theory was again articulated by the Prime Minister when he explained to his party cadres the intent of the 2022-23 Union Budget, the following day. He said, ‘This budget is full of new possibilities for infrastructure, investment, growth and jobs.’
