 "Budget 2021")
Budget 2021-22, with its thrust on infrastructure development, makes a commendable attempt to revive the economy. This comes alongside an asset monetisation programme that should ease fund flows. There are no new taxes but new initiatives, such as the establishment of textile mega-parks and the vehicle scrapping policy, for long-term benefits.
An increase in the foreign direct investment (FDI) limit in insurance could result in fresh investments. Increased expenditure should lift the healthcare sector. The disinvestment programme and estimated revenues from auctions for telecom spectrum look more realistic than the estimates in the 2020-21 Budget.
On the negative side, there
