Rejuvenating economic growth
The FY21 Union Budget has focussed on rejuvenating economic growth with multiple nuts and bolts measures.
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[/vc_column_text][vc_column_text]“The FY21 Union Budget has focussed on rejuvenating economic growth with multiple nuts and bolts measures. It is evident that the government has chosen to take focussed steps and provide a sector-specific boost, keeping the compulsions of fiscal deficit in mind. At the same time, a lot now hinges on the government's ambitious National Infrastructure Pipeline program that aims to attract investments of over ₹100 lakh crore in the next five years. If the 6,500 identified projects are executed well, this one single program has the potential to significantly alter the Indian landscape, create lakhs of jobs, provide robust business to ancillary industries like steel and cement, and prime the broad economy. It is now imperative that the government gets down to immediately rolling out the fine print of this gigantic infrastructure push so that projects can take off in the right earnest. The budget's other key decision to IPO LIC is a Big Bang announcement and once achieved it will give more fiscal space to the Central Govt provide focussed growth stimulus and pursue inclusive growth.”[/vc_column_text][/vc_column][/vc_row]
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