Post the Covid-19 pandemic there are expectations that the budget would contain measures to boost the economy. In the aftermath of the Covid-19 pandemic, the Government had undertaken targeted fiscal measures aimed at supporting the most critical sectors given the lack of fiscal space to provide support to the economy in the form of large cash spending.
We expect the Union Budget 2021-22 to focus on boosting growth through a combination of higher spending along with targeted tax breaks, which will help boost consumption. We expect continued focus on critical sectors like Housing infrastructure and manufacturing along with continued thrust on boosting the rural economy.
