Interview | Right time to bet on long-term growth through infra investment: Sanjeev Sanyal
Hours after Finance Minister Nirmala Sitharaman’s Union Budget 2021 speech, Principal Economic Advisor Sanjeev Sanyal, one of the architects of the Budget, spoke exclusively to Moneycontrol.
Hours after Finance Minister Nirmala Sitharaman’s Budget speech, Principal Economic Advisor Sanjeev Sanyal spoke exclusively to
Moneycontrol. Sanyal said the aim of the Budget was to bet on long-term growth through public spending.
“When you save your spending for infrastructure, it s not one year, you re betting on a period of time, Sanyal said.
Sanyal justified the Finance Minister’s decision to not provide tax breaks for the salaried classes. “If anything, we have invested into simplifying a lot of tax procedures, particularly for the old, making sure that concerns about investigations are allayed,” he said.