Union Budget 2021: Why govt needs to focus on fast-tracking capital market reforms Union Budget 2021: Why govt needs to focus on fast-tracking capital market reforms The Budget 2021-22 will provide concrete indicators for the policy reforms to be undertaken by the government for catalysing the social and industrial sectors of the economy. These indicators will be the key determinants for reinstituting investors’ faith in the India Story and for attracting long-term growth capital. advertisement UPDATED: January 27, 2021 17:38 IST Policy and licensing reforms, implementing single KYC rule and boosting passive investing through ETFs to attract long-term growth capital. (Photo: Reuters/Representational image) It’s said, “no crisis should go waste” and this adage applies most aptly to the Union Budget 2021-22. This year the government must use this opportunity to prioritise long-pending sectoral reforms to improve the economy’s health and its investment prospects.