UPDATED: February 1, 2021 07:52 IST
Union Budget 2021: Expectations from the government are high this year as it is expected to boost spending aimed at economic recovery. (Photo: Reuters/Representational image)
The Union Budget 2021 will be presented by Finance Minister Nirmala Sitharaman on February 1, 2021. As she gets ready to announce the all-important budget, there are huge expectations as the country hopes to recover from the pandemic-induced economic shock.
While indicators show that some sectors of growth are recovering quickly, others have not been lucky. Small and medium-sized businesses across many sectors are still struggling financially, resulting in a lack of job creation.
Sectors like automobile and real estate have asked the government to provide more tax breaks to citizens and increase their disposable income. The country’s healthcare sector also has high hopes from the budget in the wake of the Covid-19 pandemic. Meanwhile, citizens are hoping for some tax con