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Wednesday 20 January 2021

Budget 2021 must fix a broken labour market to boost demand

Finance minister Nirmala Sitharaman has described her upcoming budget as unlike anything seen in the last 100 years. When she presents it on February 1, Sitharaman will not only aim to repair battered government finances and ensure demand recovers in an economy facing its worst contraction since 1952, she must also revive declining revenue and restore millions of jobs lost during the pandemic.

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