A promising Budget with a few disappointments
Updated:
Updated:
February 02, 2021 00:14 IST
While the Budget promises to revive the economy faster, it continues to emphasise the protectionist trend
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While the Budget promises to revive the economy faster, it continues to emphasise the protectionist trend
Besides impacting the disposable incomes of the people, the Union Budget is significant for three reasons. First, it delivers the balance sheet of the government and informs us about what happened in the past year and what is proposed to be done in the next year. Second, it shapes the macroeconomic environment of the country in terms of its proposed impact on macro economy due to decisions on raising resources and spending. Finally, it provides reform signals on which economic agents place their expectations.