Indian Finance Minister Nirmala Sitharaman, while talking to Confederation of Indian Industries (CII) virtual summit created huge curiosity around the Union Budget of 2021-2022 when she told the country’s corporate czars, “Send me your inputs so that we can see a Budget which is a Budget like never before, in a way.” The budget, which is to be presented on February 1 in the Parliament is indeed being drafted in “like never before” India — when the economy is, technically, in a recession. There is a drop in the rate of GDP contraction in the second quarter at 7.5% from 23.9% in first quarter with the revival of economy showing some green shoots. FDI equity inflows have been around $30 billion during the fiscal year.