Crystal gazing the budget announcements from Economic Survey

Here's what to expect in the budget on Saturday or by way of policy pronouncements subsequent to the budget

The Economic Survey projects a growth rate in the range of 6 to 6.5% for FY 20-21. This is quite an optimistic estimate and will be challenging to achieve given there are no definitive signals of a turnaround yet. The demand continues to be sluggish and the corporate quarterly results still do not give us the confidence of a demand revival. We are likely to achieve a sub 5% growth in the current fiscal year while the survey pegs it at 5%, in line with the advance estimates of the Central Statistics Office(CSO).

The Corona virus being declared a global health