BUDGET SHOULD BE STRONG ON SUBSTANCE, SHORT ON RHETORIC
CUT TAXES TO STABILISE ECONOMY, INCREASE CONSUMPTION AND JOBS
2021-01-25 09:52
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It is time to deliver a budget like never before. This fiscal, India has recorded the biggest economic degrowth since independence. The budget for 2021-22 must focus on a specific road map to stabilise the economy, help increase consumption, grow employment and compress government. Reality should rule over rhetorics. The business and industry would probably want to know the government’s specific plans for the coming fiscal rather than its longer objectives. This year’s budget, placed on February 1, 2020, failed to measure the reasons for the country’s declining economic growth since 2017-18 and the possible impact of Covid-19 which was reported in China as early as in December 2019.