Budget 2020 Reactions & Analysis

Here is what people of India including opposition had to say on the Union Budget 2020.

budget nirmala reactions rahul yechury

Post the announcement of Union Budget 2020 on Saturday by Finance Minister Nirmala Sitharaman, reactions have poured in. From Rahul Gandhi in opposition to Modi Government supporters backing the budget announced, some taking jabs and some hailing, here are the reactions we accumulated from social media and news agencies.

The budget was the longest speech till date as Sitharaman broke her own record from the budget speech last year. Congress leader Rahul Gandhi said that it may have been “the longest but it was hollow”.

"The main issue facing is unemployment. I didn't see any strategic idea that would help our youth get jobs. I saw tactical stuff but no central idea. It describes govt well, lot of repetition, rambling-it is mindset of the government, all talk, but nothing happening," he added.

CPI(M) chief Sitaram Yechury said that the budget was ‘just platitudes and slogans’.

The Trinamool Congress too slammed the Union Budget over removal of tax exemptions.TMC's national spokesperson and Rajya Sabha MP Derek O' Brien tweeted: "Tax cut ki goli mat do (don't lie about tax cuts). Read the fine print on the so-called IT cuts. Govt removes incentives to 'save' in a nation where there is no social security."

Delhi Chief Minister Arvind Kejriwal on Saturday said that it had high expectations from Budget for Delhi, 'but step-motherly treatment meted out to it again.'

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Defence Minister Rajnath Singh said: "By focusing on reviving growth and rejuvenating demand the Budget is expected to trigger a new virtuous cycle in our economy. Despite the fact that there is lack of fiscal headroom to pursue fiscal expansion, the Budget has done a wonderful job at this juncture. Under the leadership of Prime Minister Narendra Modi, the nation aspires to be a $5-Trillion economy. The Budget today has emphatically laid down this goal to be achieved by 2024-25. I must congratulate the Prime Minister Narendra Modi and the Finance Minister Nirmala Sitharaman for giving the country an excellent Budget by addressing the aspirations of the people and at the same time clearly underling our national goals and priorities."

Opposition leader in Parliament, Adhir Ranjan Chowdhury told ANI: "Economy is in tatters, all that Nirmalaji can do is cosmetic surgery because all that BJP govt has been talking about is Pakistan Imran Khan Musalmaan."

She "failed to explain budgetary maths, said Congress Rajya Sabha MP Anand Sharma slamming Sitharaman for the Union Budget 2020.

He also added that the Finance Minister's claim of "doubling farmers' income was hollow and contradicted factual reality. Entrepreneurship had nosedived under PM's watch.

Congress spokesperson Sanjay Jha took a dig at Sitharaman. He said: "Don't criticise FM, Budget 2020 prepared by Alexa".

Former Finance Minister P Chidambaram said that the "Government does not believe in reforms, Finance Minister rejected every idea in Economic Survey."

Many however hailed the Budget presented. Here is a trail of reactions that you must go through.

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