Union Budget 2021: The budget indicates that the government is back in business focusing on the economy and there are signals on emerging positive business environments both through supply side as well as demand boost
Union Budget 2021: With BSE Sensex skyrocketing 2050 points and investor’s wealth seeing a jump post the announcement of the Union budget 2021-22 it is only fair to state that the bulls are back in action and market sentiments are positively high. The Government has clearly focused on growth revival and it aims to leave no stone unturned to achieve the same. The strong emphasis on infrastructure and healthcare will give the requisite boost to the economy and drive it back on the trajectory of economic growth.
In light of the pandemic and Pillar 1 as mentioned by the FM being Health & Wellbeing, the Government’s proposal of increasing its spend on healthcare by 135% is a step in the right direction. Keeping in mind the fact that world over countries are in the throes of the virus, the Government has spelt out that the attention is still on “Jaan Bhi, Jahaan Bhi”. Increasing the FDI cap from 49% to 74% for the insurance industry will help revive the economy, mobilise resources for infrastructure development, encourage competition in the insurance sector leading to advantage consumer and improve quality of human capital.
Source: Financial Express
