Finance Minister Nirmala Sitharaman had promised a budget like no other and, given the current situation immediately post Covid pandemic, she has lived up to that promise. The Budget 2021 has certainly showcased the government’s strong strategic push for growth-oriented roadmap that can propel India’s economy forward. The sharp and targeted focus on infrastructure, capex, health, education, financial sector reforms and fiscal credibility have been the key takeaways from this Budget. The multiplier effect of infrastructure spending is being banked upon to facilitate sustainable economic recovery and growth.
There has been a clear restructuring of expenditure in favour of capital expenditure