Although Finance Minister Nirmala Sitharaman remarked about the expenditure of many policies as the budget began, middle-class people were expecting some good news, but after the end of the session, it appeared that it was not for them. People have started using the hashtag #middleclass on Twitter to express their opinions, such as Indian film director Vivek Ranjan Agnihotri, director of the movie “The Kashmir Files,” who tweeted:
“Poor class has lost hope and have no ambition. Minorities are appeased by all governments, even law. Rich don’t need hope as they are the beneficiaries of corruption. These groups don’t care much about change. Only middle class has hope and ambition. That’s why they want change.”
He also added,
“It’s by promising change in the system, politicians exploit them. By promising change in life, marketers exploit them. By using them to protest with no returns, civil society exploits them. Religion exploits them. Middle class is always in the middle of exploitation and struggle.”
Some active Twitter users were against his tweet, but many others were in favour because it was intended for a middle-class family and no reforms were made during this budget session, so it became a point of discussion.
Budget on crypto regulation
Some middle-class people have a lot of expectations from the crypto market as they see it as a part of investment, and have invested a huge amount in it. Indian crypto investments have surged to over $10 billion, up from $923 million in April 2020, according to crypto research and intelligence firm CREBACO.
Some sections are strongly opposed to the government’s new crypto regulations and the Indian stock market, which have gained volatility from the morning. Nevertheless, there was considerable volatility following the budget and some stocks gained small points. After the second half, some stocks plunged, it seemed like everyone viewed the budget as a positive approach.
Read more:
