With everyone’s eyes on the upcoming Union Budget 2021, the big expectation is how the Budget 2021 will set the course for economic recovery after the Covid-19 pandemic impact.
According to our partner, Sandeep Jhunjhunwala: “Budget 2021 should set the stage for a truly Atmanirbhar Bharat. To rejuvenate the covid-battered business environment and to propel the fiscal trajectory towards the ambition of $5 trillion economy, there is a definite need for newfangled liquidity measures and tax rationalisation. A directional budget can set the ground right for sustainable economic recovery by activating private consumption. It must be appreciated that the pecuniary cost of pandemic is not indirectly passed on to businesses or individuals by tweaking tax rates or by introducing any special levies or cess.”
Watch our partner, Sandeep Jhunjhunwala, decoding tech sector expectations from Budget 2021.