According to a UN Labour report unemployment in 2018 was as high as 18 million.
Budget 2018-19 must also ensure rationalisation of tax rates, tax slabs, and tax deductions to ensure that the tax is progressive in nature.
The issues of non-performing assets being faced by banks and rising fiscal deficit need to be tackled with more seriousness.
According to Central Statistical Organisation data, economic growth is expected to slow down to 6.5 per cent in 2017-18.
A flurry of populist measures may find their way into Arun Jaitley's speech on February 1.