you know, we were talking a little while earlier about on the process of job creation, and I understand that there is a multiplier effect given the increased spend in Cap IX. But apart from that, is there anything new or different or anything that encourages job creation in the economy? So, Vishnu, I think, has you mentioned in the first part of your question? Job creation happens in an economy when sectors that are actually far more intensive in creating jobs are the ones that are fostered. And if you look at this year's budget and this has been a theme that has continued since T for the last three years, the emphasis on on public capital expenditures and public expenditures especially creates jobs in the construction sector. And that was the reason why, in fact, this was started during the of it period because the urban poor where were significantly impacted. So I think the emphasis on that is something that will definitely create jobs, and it has already been creating jobs. If you look at the actual data, you know, an an reliable government data in all from the so appeal affairs, you can see that all the metrics, whether it is the worker population ratio, whether it is the Labour force participation ratio or the unemployment ratio, each one of them have actually recovered in or beyond the pandemic. So the clearly data suggests that this is something that has already worked. You know, emphasis on public Catholics is creating employment, and therefore the government has redoubled on it anything which is very good news. If we talk about inflation going forward in terms of the actual inflation as it emerges over the next year, what are some of the projections? What are some of the concerns? Because that's not really been listed. There are macroeconomic factors as well, which might affect inflation. So what with the actual inflation? No, That's the reason why inflation actually is not mentioned in the budget because now, in a large contributor to prices is basically the indirect tax which gets covered under GST and that therefore, it doesn't. It all sort of makes sense for the budget to get into the inflation aspect. But I would definitely mention that, you know, this is something that had been cover has been covered in previous economic, sir, that when you have asset creation in the economy when the supply side of the economy's worked on. You know what you get is actually lower prices and has been clearly shown. You know, during the covet period, India has had the twin benefit of actually much higher growth and much lower inflation compared to the advanced economies. That is because of the supply side, you know, emphasis. And I think that has been continued now with the public apex now, 33% growth and overall in a 4.5% of GDP venue include incentives that have been provided for states to do this as well. So I think overall, you know, in an environment where the advanced economies are facing anywhere between 2.5 to 4 times the historical inflation, India had about 70% is in very comfortable zone and I don't see this budget as being inflationary at all. A final question the opposition has been saying not enough has been done to create jobs. We have discussed that to tackle Meng Guy. That's something we've also partly discussed. But the other point is, has it done enough to stem inequality? Rahul Gandhi, for example, tweeting 1% of the richest owned 40% of the wealth, 50% of the poorest pay. 64% of 42% of the youth are unemployed has has been addressed. So, you know, these are political rhetoric. Witch know that. You know, I would rather focus on the economics. There was a very nice report that was done by SBI, which looked at the inequality post a pandemic using actual data. And they have found that in equality has indeed, decree is not not increased. And you know, when you create jobs for the middle class, for the in the working population, that is something that, actually, you know, really works on reducing inequality. Because there is nothing better than a job in the former sector to actually include him, improve both the economic and the social conditions of not just the individual, but the entire family of four or five people. So I think, as we have discussed earlier, the emphasis on public cap it's and through that the impact on employment which has already been seen in the data. If you actually look at reliable data, I think that deli suggest that this is something that will really, you know, work on reducing inequality. Definitely not increasing. Adding, You know, some of what you're talking about is is, you know, empty rhetoric. Alright, Dr Subra, Money and tax free watch for joining us, sharing your views on a couple of aspects of the budget.
