The Government Budget 2024 has seen the worst backlash.

Twitter is buzzing with budget memes! Despite all the chatter, the market bounced back from its fall and closed at 24,413. Quite the recovery, huh?

Let's switch gears and talk about something pretty important: debt-to-GDP ratios. Here are some eye-popping stats:

• Japan: Tops the chart with a whopping 264%.

• Venezuela: Close behind at 241%.

• Sudan: 186%.

• Greece: 173%.

• United States: 129%.

• India: Our very own India stands at 86.54% for the 2022-23 fiscal year.

So, looking at these numbers, India has some room to borrow more, right? But if that's the case, why do middle-class families feel like they're being squeezed more and more?

Here's an interesting tidbit: In India, individual income tax has overtaken corporate taxes in recent years. Yep, that's right!

Now, let's dive into two thought-provoking points:

1. Japan’s Situation: Despite having the highest debt-to-GDP ratio, Japan is doing quite well in some key areas. They rank 70th in the Press Freedom Index, while India sits way down at 159. Plus, Japan scores better on the Hunger Index and the Happiness Index. So, it seems like having high debt isn't necessarily a bad thing if you’ve got freedom of the press and free speech doing the right thing.

2. Middle-Class Squeeze: With India’s debt-to-GDP ratio not as high as Japan’s, it raises the question of why middle-class incomes are feeling the pinch. Could it be tied to our tax structure or perhaps the broader economic policies?

So, what do you think? Is it time to rethink how we handle debt and economic policies in India?