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Union Budget 2021 will Boost Economic Growth: Prof. Amiya Kumar Sahu

In Business
February 02, 2021

The Finance Minister presented a forward-looking budget that would boost economic growth and investors’ confidence, said Prof. Amiya Kumar Sahu, Associate Professor (Finance), Goa Institute of Management.

I am particularly impressed with the resource allocations on Healthcare, Education, and Infrastructure. The fiscal deficit targets look pessimistic. The government would do better as economic activities normalize. The GST collections figures for January 2021 is a good signal. I expected excise duty cuts in petrol and diesel. The capital market has reacted positively, but the realities will unfold only tomorrow and further during the week. The focus of infra-push on election-bound states looks to be a big-promise. My rating is 7/10.”