P. Chidambaram didn’t hold back in Rajya Sabha Monday, eviscerating the 2026-27 Budget as a dud that’ll be history soon. Youth unemployment at 15%—with regular jobs for <25% workforce—was his rallying cry against government incompetence.
Do ministers digest the Economic Survey's bitter pills on capex, jobs, growth? Or avert eyes? He invoked its big three crises, slamming the government's zero progress.
Data deluge: GFCF @30% GDP stall; FDI net <0.09%; private capex 22% despite liquidity. Rs 44k Cr capex chop unexplained; no investment pickup anywhere.
Jobs fleeing to self-help, farms: 19.5M factory hands in 1.44B nation; mfg @16% GDP forever. Youth 15% idle; regulars scarce.
Internship sham: 6k survivors from 1.65L apps. Budget beggars key sectors, skips announcements.
Reforms? Stagnant train. GDP nominal dips to 8%. Inflations tame, deficits nudged by austerity + RBI bounty, not growth.
No foresight, no fixes—this Budget ghosts out quick.