Budget 2022: Can India’s budget address its uneven recovery?

Raghuram Rajan, former governor of India’s central bank, said growing unemployment, low buying power, the financial stress faced by small businesses and the state of India’s schools, were all “dark stains” on the country’s economy – despite “bright spots” such as the “roaring” IT business and the emergence of so many new billion-dollar start-up firms.

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