Prime Minister Narendra Modis government has been parsimonious in pump-priming the economy, for fear of a rating downgrade to junk, and may find that kicking the can down the road is no longer an option.
Budget 2021 Must Fix Broken Labour Market To Boost Demand: Analysts Finance Minister Nirmala Sitharaman has described her upcoming budget as unlike anything seen in the last 100 years.
Updated: February 01, 2021 9:31 am IST
Finance Minister Nirmala Sitharaman has described her upcoming budget as unlike anything seen in the last 100 years.
When she presents it on February 1, Ms Sitharaman will not only aim to repair battered government finances and ensure demand recovers in an economy facing its worst contraction since 1952, she must also revive declining revenue and restore millions of jobs lost during the pandemic. That will be crucial to boosting consumer sentiment in a country where local demand contributes nearly 60% of gross domestic product.