Infrastructure Reforms to Be Priorities in Budget 2021-22, FM
Finance Minister Nirmala Sitharaman has hinted that the Union Budget 2021-22 will try to script the growth narrative by focussing on infrastructure and reforms amid the urgency to push economic growth hit by the coronavirus pandemic. The upcoming Budget is likely to be presented by the finance minister on February 1. More importantly, the Budget 2021 will have to address critical issues pertaining to growth because the Covid crisis has adversely impacted all segments of the economy, including revenue collection, disinvestment, exports and food prices. Exuding confidence, FM Sitharaman said several economic data pointing to a recovery, whether it’s higher good and services tax (GST) collections, automobile sales figures, exports, foreign direct investment (FDI) inflows, forex reserves and so on. “All this gives the hope it is sustaining, but on a note of caution, I will still say I am waiting to get on firmer ground and talk with a lot more certainty.”
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