Analysis: Making Virus Crisis Budget, India Needs to Spend but Funds May Fall Short
A senior government official involved in planning for the 2021/22Â budget rued the revenues lost at the start of the current fiscal year, and doubted they could be clawed back.
FILE PHOTO: Finance Minister Nirmala Sitharaman holds budget papers as she leaves her office to present the federal budget in the parliament in New Delhi, India, Feb. 1, 2020. Photo: Reuters/Anushree Fadnavis/File photo
New Delhi/Mumbai: Having fired up hopes for populist measures with talk of delivering a “budget like never before”, finance minister Nirmala Sitharaman will need to find credible sources for additional revenue from a pandemic sickened economy.