This budget is not a traditional ‘consumption-led one, but rather infra-led, one that has high multipliers of growth. While it addressed several levers to help the economy pivot towards an accelerated recovery, the planned spends in agriculture and rural development, and healthcare, will help lay a long-term foundation for growth.
In the Union Budget presented last week, Finance Minister Nirmala Sitharaman announced the privatisation of two Public Sector Banks (PSBs) as part of its disinvestment plan.
Nirmala Sitharaman said the Budget, which was presented in Parliament on February 1, has set the tone for greater play of the private sector, gave space for entrepreneurship, has come clean on the spending intent and unveiled a policy highlighting areas the government wants to stay away from.