Budget 2021: Is it meeting the expectation of our business in India?

 

Industries generate the job opportunities and economic development of our country. So, each industry is a pivotal part of our economic development.

Each budget is inspiring us a lot to understand the indicators of the Government. Present budget is important because of the present situation which is a technical recession due to the pandemic situation. Indian GDP has been contracted but it is fair to compare to other emerging economy.

 Finance Minister Nirmala Sitharaman will present the Union Budget in February 2021 at 11pm in the shadow of the COVID 19 pandemic situation.

This budget has a lot of expectation among the people because we require more awareness in the field of the public health system such as vaccine, diseases, support to the poor people etc.

However, all industries are waiting for the support, expert’s opinion is to focus on the areas of infrastructure, healthcare, defence, education, banking and sustainability. Infrastructure development is really helpful for the sustainability of the business ecosystem in the competitive environment.

 

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