According to a BofA Securities report, the Covid-19 shock could delay India touching the GDP of Japan by three years. In their latest estimates, it will now happen by 2031 if the economy grows at 9%.
The Prime Minister, while addressing the Nasscom virtual summit, urged Indian startup founders to think beyond valuations and exit strategies, and focus instead on creating institutions.
Through this Budget, the Modi government seeks to present, more than ever, the vision of expenditure in fundamental areas like health and infrastructure to fuel growth. This is his New Deal moment.
As the country went into a lockdown, the power sector bore the brunt, especially with a sluggish demand. The Budget may consider some tax propositions to alleviate liquidity stress of power companies.
