As per the latest report by McKinsey by 2030, India needs to generate 90 million non-farming jobs over the next decade, which is possible if the GDP growth remains consistently above 8%. The recent GDP growth has been just 4%.
With above context and with the world's largest immunisation drive already underway, economic recovery is the major focus of Budget 2021. I see the Government is able to take great effort to address the same in the following way:
1)Increase in capital expenditure
2)Tax stability
3)Privatisation
4)higher gov expenditure
Negatives
1)Changes in tariff was not essential
Overall transparent budget with fair effort.
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