Budget 2025: Why Raghuram Rajan Wants Focus on Jobs, Not Just Investments

As India prepares for the Union Budget 2025, former Reserve Bank of India Governor Raghuram Rajan emphasizes the critical need for job creation and enhanced private sector participation to drive economic growth. Expressing concerns over the projected 6.4% GDP growth for FY25—the slowest in four years—Rajan highlights the struggles of the lower middle class due to insufficient employment opportunities. He acknowledges the government's commendable infrastructure initiatives but underscores that sustainable development requires a robust job market and active private sector involvement. Rajan asserts that relying solely on government-driven investments is insufficient for achieving inclusive economic expansion. 

Source: The Economic Times