Budget with a long-term view

Govt can approach the Budget 2021 with an aim to rebuild the economy to attain the long-term objective of sustained higher growth

Topics
Budget 2021 | Indian Economy | GDP growth

Rajesh Kumar  |  New Delhi 

Rajesh Kumar

Union Finance Minister Nirmala Sitharaman will present perhaps the most significant Budget in recent history on Monday. There are at least two ways to approach the Budget. One, the government can focus mostly on the next financial year.

The economy is recovering from the pandemic-induced contraction, and growth is set to rebound sharply. The International Monetary Fund now expects India to grow at 11.5 per cent next year. Revenue collection will also recover with the improvement in economic activity. The government can choose to increase expenditure and push growth during the financial ...

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First Published: Wed, January 27 2021. 23:05 IST
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