 "Budget 2021: The right formula for revival, says Centrum Group’s J Bindra")
The much-awaited, post-pandemic Budget struck the perfect balance between maintaining investor sentiment, reducing fiscal deficit, boosting job creation and increasing government spending. Increased allocations towards improving healthcare and giving infrastructure a push headlined the reforms. Status quo was maintained for corporations and the common man with no surprise increases in tax rates.
On the expenditure side, the Budget met expectations. With a slew of key divestments in place, increase in FDI limits, an asset monetisation pipeline and the proposed LIC IPO, the government is building up the arsenal it needs to keep inflows in place as well.
Healthcare and wellbeing saw a
