Government spokesmen claim that India is the fastest growing major economy of the world. However, most people know that their standard of living is not improving. The incomes of many working people have not even kept up with the rising prices of essential consumption articles. It is necessary to probe beneath the figures of GDP growth to figure out what is really happening.
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Budget 2020: In service of capitalists while pretending to be for people
Finance Minister Nirmala Sitharaman presented the budget for 2020-21 on 1st February in the backdrop of a sharp slowdown in the economy. The slowdown was caused by the fall in purchasing power of working people and peasants year after year due to pursuit of capitalist policies.
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