'Promise and hope': Read and download all Budget 2021 documents here

Among other measures, Finance Minister Nirmala Sitharaman proposed doubling of healthcare spending and lifted caps on foreigners investing in the vast insurance market to help revive the economy

In the Union Budget for 2021-22, Finance Minister Nirmala Sitharaman on Monday proposed doubling the healthcare and lifted caps on foreig investment in the country's vast insurance market to help revive the economy, which has suffered its deepest recorded slump as a result of the coronavirus pandemic.

"There are signs that the political, economic and strategic relations in the post Covid era are changing and ... India is well well-poised to be the land of promise and hope," she said.

Sitharaman projected a fiscal deficit of 6.8 per cent of gross domestic product for 2021/22. The current year was expected to end