Union Finance Minister Nirmala Sitharaman is set to introduce the 2021-22 budget on Monday amidst the challenges posed by the country’s economy, reduced income, increased spending, damaged businesses and lives, and the rising unemployment problem.
This time everything regarding the budget is digital. The Union finance minister is set to introduce the budget keeping in mind the current economic growth rate as it is below 10 years.
However, Nirmala Sitharaman has already hinted that this time the budget will be like never before.
This is the ninth budget during the Modi regime, including an interim budget. Allocations in the health, infrastructure, and defence sectors are expected to increase in this budget.
It is expected that maximum allocations will be made for employment generation, rural development, and other development trajectories as well.
Experts are also looking at how much revenue the government intends to generate with the privatization of companies like BPCL, SCI and Air India.