Primus Partners – Union Budget 2021 Report
The Indian economy was already witnessing subdued growth, which was further exacerbated due to the unforeseen outbreak of the COVID-19 pandemic. The unavoidable economic losses due to the ongoing COVID-19 pandemic were felt in H1FY21, but there have been green shoots of recovery. Such macroeconomic issues posed heightened challenges to the Union Budget 2021-22, and in this regard, this budget has charted a medium-term growth path, by taking a pragmatic view to tide over the crisis. It is expected that the steps taken will lead to growth and good jobs, lifting the bottom half of India’s citizens and restore their growth path.