Karnataka minister Priyank Kharge expressed disappointment over the economic policies of the central government

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New Delhi: Karnataka Minister Priyank Kharge has called the economic policies of the central government “Modinomics” and expressed dissatisfaction with them.

He said that the Center’s policies were to blame for the high rate of unemployment, the closure of micro, small, and medium-sized businesses, and the protests of farmers. Additionally, Kharge said that the government’s main programs, including Make in India, Skill India, and Digital India, have fallen short of expectations.

“I don’t have any expectations for this budget personally. ‘Modinomics,’ Modiji’s genius, has been in effect for more than a decade. What has resulted from that? The highest unemployment rate, the closure of SMEs and MSMEs, farmers demonstrating outside the parliament, the failure of start-ups, and the slogans “Made in India, Skill India, and Digital India” have all stayed on paper, he said.

He also used Karnataka’s voting record in favor of the BJP to indicate his displeasure with the way the Center has treated the state. Kharge said that the Centre was disregarding Karnataka’s interests, especially with regard to revenue sharing and devolution.

“What is the FDI right now? Zero. Just last month, more than nine billion dollars were withdrawn… (Union Finance Minister) Nirmala Sitharaman, even for courtesy, because the people of Karnataka have voted for her twice, at least that courtesy also has not been shown towards Karnataka, neither in the devolution of taxes nor in the right share of taxes, and we are suffering because of ‘Modinomics,'” he stated.

At eleven a.m. today, Union Finance Minister Nirmala Sitharaman will deliver the Union Budget 2025, her eighth straight budget, before the Lok Sabha. She got to the Ministry of Finance’s North Block early this morning, before the budget was presented in Parliament.

The government’s economic objectives, proposed income and spending plans, tax changes, and other noteworthy announcements will all be included in the budget address.

In the meanwhile, the Economic Survey, which was presented to Parliament on Friday, predicted that India’s GDP will expand by 6.3% to 6.8% over the next fiscal year 2025–2026.