Economy in stagflation; Budget must tax the wealthiest: Jayati Ghosh

Economy faces 'massive problem' of poor demand and corporations acknowledge that, says the economist.

Government spending on food, employment, health and education would be crucial numbers in the Union Budget on Tuesday, said development economist Jayati Ghosh. Indian economy is in stagflation with rising prices and falling employment, Ghosh, professor of economics at the University of Massachusetts, told Indivjal Dhasmana in an interview.

You have been making a case for increasing allocations to MNREGA and increase in workdays from the present 100. You have also been arguing for a similar scheme for the urban poor. Where will the government find the fiscal space to fund these?

I find it very interesting that whenever we