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Budget 2021 | FRBM target could be postponed until GDP returns to trend growth: Rajesh Cheruvu of Validus Wealth

This time around the FRBM target could be postponed by a few years until GDP returns to trend growth, employment improves, and tax buoyancy returns.

January 30, 2021 / 01:17 PM IST
Representative image (PC- MoneyControl.Com)

Representative image (PC- MoneyControl.Com)

Last year’s Union Budget estimates have been altered dramatically as growth, income, and expenditure projections were severely impacted due to the COVID-19 pandemic.

There is no doubt that the upcoming Union Budget must be revolutionary, in order to revive from this unprecedented catastrophe.

India is with several niche opportunities at its altar. Given the current scenario, the next leg of reforms must focus on a range of issues, falling predominantly in three categories -  Governance, Social Development, and Sustainability along with unlocking of land supply, sectoral FDI policies, power sector privatization, and financial sector reforms linked to capital markets and public finances.

Basis an analysis of past actions, current environment, and future requirements, we expect the upcoming Union Budget to incorporate the following -