Investment Guidance – The Budget Impact

The upcoming Union Budget will be an important one as it is the last full-fledged Budget before the General Elections in 2024. Moreover, this Budget would have the daunting task of moving towards economic consolidation after the Covid-related fiscal push. On the other hand, the government needs to keep an eye on the economic growth in the backdrop of slowing global economic growth and tightening domestic financial conditions. On a strategic level, the broad reforms process should continue with outlays earmarked for rural development, providing boost to the manufacturing sector, creating jobs and capacity-building through infrastructure.