Business Standard

Govts can't create jobs

The less they focus on employment creation, the better it may be for the economy


Illustration: Binay Sinha

R Jagannathan
One of the problems created by giving the Union Budget such high media billing is that it enhances public expectations about what governments can or should do. It is a pity that even economists have fallen prey to this belief that governments can do a lot, as we saw two years ago when demands were made to spend up to 10 per cent of gross domestic product (GDP) to support a Covid-ravaged economy. We must be eternally grateful for the fact that the Narendra Modi government largely ignored their advice and stuck to moderate relief and economic support. One hopes
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: Jan 31 2022 | 11:09 PM IST

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