Union Budget 2021 Detailed Analysis | Marco-economic Overview, Insights on Taxes Proposals, Policy Reforms & Initiatives and Sectoral Analysis
February 17, 2021
The circumstances in which the Union Budget 2021 was undertaken was like never before. The COVID-19 situation that the economy has battled through 2020 is Sui Generis.
The honourable Finance Minister, Ms. Nirmala Sitharaman, expressed that when she presented the Budget 2020-21, she could not have imagined that the Global Economy, already going through a slowdown, would be pushed into an unprecedented contraction. With the economy testing our limits and the Foreign Direct Investment (FDI) already in the throes of slowdown, an exceptional level of effort was the requirement of the hour for the road to recovery.
The first-ever paperless Indian Budget was presented with its four major pillars of strength including: Healthcare & Wellbeing, Physical & Financial Capital and Infrastructure, Development for Aspirational India, Minimum Governance & Maximum Government.
This budget is the first of this new decade. So far, only thrice has a budget followed such a contraction, all of which were results of situations only typical to Indian Economy. This time the contraction is due to the Global Pandemic Covid-19 and its repercussions of all socio-economic sectors.
Our resident experts have performed a detailed analysis of Budget 2021 covering all the impacts that the future has in store for you.