HDFC Securities Budget Expectations highlights I From MNREGA, education to affordable housing, all you need to know
Union Budget 2021 comes in at a time when the Indian economy has just started to recover from the severest fall in GDP in recent times and the fiscal situation has expectedly deteriorated sharply due to the pandemic. Many of the key themes in the Budget will revolve around COVID-19, either directly on health issues (vaccines), or regulatory support to sectors most affected (e.g. hospitality, retail, aviation). The FM has raised expectations from the forthcoming Budget.
HDFC Securities expect increased allocation for the social sector: MNREGA, education, affordable housing and health ministries. Spending by Consumers and Businesses (capex) could be given a boost to kickstart quick recovery: Reuters