Budget has the ingredients to ignite a fresh investment cycle

The Union Budget 2021 has chosen to prioritize growth while pushing fiscal considerations to the background, at least for some time

The government has effectively used the backdrop of the massive economic disruption due to the pandemic, to re-organize the Budget as well as its economic priorities along with it. In a growth-constrained world, India has gone down the path of putting in place the building blocks which are required for accelerating its growth agenda. For the past 6-7 years, India’s extreme focus on controlling the fiscal has had the deleterious outcome of constraining growth, visible in the deceleration of GDP during the same period. We sincerely believe that growth is the ultimate panacea for many of India’s problems, and the