Budget 2021: The right formula for revival, says Centrum Group's J Bindra

The DFI should play a more dev­elopmental role in building greenfield infra projects, which could help achieve the target of Rs 5 trillion.

The much-awaited, post-pandemic Bud­get struck the perfect balance between maintaining investor sentiment, reducing fiscal deficit, boost­ing job creation and increasing government spending. Inc­reased allocations towards improving healthcare and giving infrastructure a push headlined the reforms. Status quo was maintained for corporations and the common man wi­th no surprise increases in tax rates.

On the expenditure side, the Budget met expectations. With a slew of key divestments in place, increase in FDI limits, an asset monetisation pipeline and the proposed LIC IPO, the government is building up the arsenal it needs to keep infl­ows in place as well.

Healthcare and well­being saw a