Decoding the Budget: Does It Do Enough to Revive Jobs and Private Investment?

Yamini Aiyar says there is a need to organically manage the transition from informal to formal economy, from agriculture to industry, from rural to urban sector.

Brown University Senior Fellow and noted researcher Yamini Aiyar says there is a need to organically manage the transition from informal to formal economy, from agriculture to industry, from rural to urban sector.

This cannot happen with flawed, top down schemes like those announced for employment and agriculture in the budget.

Bad policies over the years have created long term structural weaknesses in the economy.

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Author: M.K. Venu

M.K. Venu is a Founding Editor of The Wire. As an active economic and political writer, he has held leadership roles in newspapers such as The Economic Times, The Financial Express and The Hindu. He has written extensively on economic policy matters for over a quarter century after India opened up its economy in 1991. He wrote regular political economy columns on the edit pages of The Economic Times, Financial Express and Indian Express over the past two decades. He also hosted a regular political-economy discussion called ‘State of the Economy’ on the national public broadcast channel RSTV. He has also been invited by Parliamentary Committees to give his views on public policy matters. He is on Twitter @mkvenu1.