The next government will have to lower income taxes...
The next government will have to lower income taxes...
Although it is too soon to talk about the Union Budget, which will be presented in July, it is obvious that the coalition that wins power will need to thoroughly examine the interim budget from february in light of the discussions that the elections provoked. Though religion, ram Mandir, and brands yogi adityanath and narendra modi continue to be powerful in some circles, economic issues are the main emphasis of the election.
A significant portion of the population is worried about the core economy, unemployment, problems facing farmers, high prices, health care and medical costs, school and university fees, high housing costs, inflation brought on by tolls, and other related issues. The indian economy, ranked as the fifth largest, is not even acknowledged for its performance.
Farmers and citizens are incensed at the indian government for being so eager to send automobiles and tractors to the junkyard, especially at a time when public debt is surging, given that vehicles and tractors are permitted to run for 40 years worldwide, much like airplanes. As. The villagers discuss the government's connection to automakers and label this as weird. Concerns regarding the repayment of a loan totaling Rs 16.87 lakh crore in the 2024–25 budget are also being voiced. As a result, the actual budget is cut from roughly Rs 31 lakh crore to Rs 47.65 lakh crore.
In 2025, the loan repayment load would increase even further. The opposition's strong stance on important economic concerns is being contested by the ruling coalition, which claims that if the opposition wins power, it will sell Mangalsutra and engage in divisive politics. The ruling party has received a warning from the election commission on its remarks made in public. All parties are concerned about the low attendance in 190 constituencies in important states like Maharashtra, Bihar, and Uttar Pradesh. Voters are uninterested despite the election commission taking various actions. Does this raise doubts about the government's mindset?