Union Budget 2021: Here are 5 things to watch out for this budget Budget 2021: Economic Survey 2020-21 says Centre is likely to miss fiscal deficit target for year. Centre is expected to set a higher fiscal deficit target for 2021-22. FM may also announce measures to boost domestic manufacturing and exports, and create jobs BusinessToday.In | January 31, 2021 | Updated 13:05 IST Budget 2021: Budget this year will be keenly watched as it comes on the back of a year when the economy was ravaged by coronavirus All eyes will be on Finance Minister Nirmala Sitharaman as she presents Union Budget 2021-22 in Parliament on Monday. The Budget this year will be keenly watched as it comes on the back of a year when the economy was ravaged by the coronavirus pandemic. The National Statistical Office (NSO) has forecast a 7.7 per cent contraction in India's GDP in 2020-21. The finance minister is expected to announce measures to continue the nascent recovery seen in the economy. Here are the thing to watch out for in this year's Budget: