Union Budget To Be The Vaccine For The Economy

Today's budget will have to go far beyond what the mini budget in September 2019 achieved by reducing corporate tax, and the subsequent economy booster announcements during the lockdown necessitated by the pandemic.

Union Budget To Be The Vaccine For The Economy

Indian finance minister Nirmala Sitaraman to present 2021 union budget today at parliament. The budget is likely to be the vaccine for the Indian economy which is hurt by the pandemic. Due to pandemic people lost their jobs, business was shut down, nationwide lockdown owing to this indian economy was hurt.

In this budget presented by the government of India led by Prime Minister Narender Modi, likely to put some weight on creating jobs, investing money in start-ups, rural development, and others. Today's budget will have to go far beyond what the mini budget in September 2019 achieved by reducing corporate tax, and the subsequent economy booster announcements during the lockdown necessitated by the pandemic.

According to the experts, Nirmala could unveil plans to shift economy to revival mode from survival mode. The budget should build a stronger foundation today, prepare for tomorrow’s opportunities, and grow beyond borders to make an impact in the long run.

India has one of the most dynamic startup community which is capable of creating a large numbers of job. We expect government to put some weightage on this to boost up the economy and to regulate the cash flow.

The Union Budget of India, also referred to as the annual financial statement in the article 112 of the constitution of India, is the annual budget of the Republic of India.