Any new tax in budget could hurt India's recovery, warn economists

A so-called Covid cess shouldn't be announced because the economy is still normalising after a strict and vast lockdown, Sonal Varma, an economist at Nomura Holdings, said on Thursday

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Finance Minister Nirmala Sitharaman

3 min read Last Updated : Jan 29 2021 | 8:46 AM IST

Any new taxes in India’s budget would impede a nascent economic recovery, economists said, amid speculation that Finance Minister Nirmala Sitharaman could impose an additional levy on the wealthy to

Topics : Nirmala Sitharaman Budget 2021 Indian Economy Economic recovery Union Budget India GDP

First Published: Jan 29 2021 | 8:45 AM IST

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Any new tax in budget could hurt India's recovery, warn economists

A so-called Covid cess shouldn't be announced because the economy is still normalising after a strict and vast lockdown, Sonal Varma, an economist at Nomura Holdings, said on Thursday

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