Comments by "红火树 RedFireTree" (@firetree2007) on "Budget 2024 Expectations Highlights: High hopes as Nirmala Sitharaman set to present seventh budget" video.

  1. most Indians do not realize how serious the situation, there is no jobs for the youngsters in India, with this trend. India will face great difficulties, Due to the lack of jobs in India it can negatively impact its economic growth rate: Lower purchasing power: When there are fewer jobs, people have less money to spend, which can lead to a decrease in consumer demand. Reduced productivity: Unemployment can make it harder for the economy to be productive. Increased government burden: Unemployment can increase the amount of money the government needs to spend. Limited investment and consumption: Unemployment can make it harder for people to invest and consume, which can slow economic growth. Poverty and income inequality: Unemployment can make poverty and income inequality worse. Social unrest: A high unemployment rate can lead to social unrest. According to McKinsey, if India doesn't improve its employment rates, it might not be able to achieve its goal of 7–8% annual GDP growth. This could also delay India's plans to become the world's third-largest economy by 2030.
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