Increase Public-spending on skills, infrastructure...

A big part of the workforce of the Indian economy is occupied by agriculture. The disguised unemployment has been a permanent feature of the Indian-agriculture. The budget should try to derive excess labour supply from agriculture to manufacturing by providing them right skills. Skills directly add to the productivity. No organisation can survive without right skills to produce and market its product... Even our PM believes in the skills-shortage and economists under-score his vision… Skills are also important for productivity and wages/incomes, and, demand, production, employment and growth... Therefore, any policy, even FDI, if leads to these conditions within the domestic economy should be promoted... Public-spending on infrastructure when the private sector is constrained of capital and infrastructure, itself... will also help pick the economy steam, growth, because we are supplying what the economy really needs to increase quality of life... We want inclusive development of all people and regions, and that should be best gained when we increase knowledge and skills, a productive work-force, a true human-capital... he will also pay taxes, revenue will increase... The government is exploring ways to finance the infrastructure-deficit... This best way to finance this is to borrow from the West for long-term where interest rates are record low... That would also help improving foreign-reserves, meanwhile… but, it entails exchange-rate risk which might require hedging through currency derivatives. However, foreign investment could also be secured by offering rupee denominated debt…