Covid-19 cess, higher spending: Brokerages' expectation from Budget 2021

Growth and not fiscal prudence, experts say, should be the priority for the government now

After a stupendous rally that has seen the S&P BSE Sensex more than double from March 2020 low and hit 50,000 mark, markets are now eyeing the upcoming proposals in the Union Budget – scheduled to be presented in February 01 – that can help revive Covid-19 impacted economy and lift the fortunes of Corporate India as well.

While most experts suggest the government loosen its purse strings and not worry about the fiscal deficit in a pandemic impacted year, it will be a tightrope walk for the government to increase spending without going overboard. Growth and not fiscal prudence,