Shashi Tharoor Exclusive on Budget 2026: 'Nothing for Kerala...' | Union Budget 2026 News

On this India Today special report, former Member of Parliament Pawan Varma provides a critical analysis of the Union Budget 2026. Expressing his disappointment, Varma stated, 'I am a little disappointed because we were expecting a vision statement' and argued that despite a stable majority and controlled fiscal deficit, the government missed an opportunity for radical reform. He highlighted that the budget focused on 'overwhelming minutiae' rather than addressing the 'elephants in the room' such as investment confidence, the transition from a dole economy to enterprise, and the need for a second green revolution in agriculture. Varma further emphasized the urgency of a massive push for skill development to combat unemployment in the age of AI and automation. The discussion also touches upon regional reactions from Kerala and the industry's perspective on MSME focus, while Varma maintains that the budget failed to provide the decisive economic steps akin to the landmark 1991 reforms needed to elevate India's per capita income.

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