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Nirmal Bang Report
We expect Budget 2021 to provide a booster dose for growth by focusing on government spending on infrastructure, rural and healthcare.
The thrust on rural spending is expected to prevail, as full-fledged urban recovery will be tied to the end of the pandemic, which is most likely to occur only in H2 FY22.
Urban infrastructure and housing will receive due thrust to support urban job creation. The micro, small and medium enterprises sector has been hard hit by the pandemic.
Therefore, we expect further incentives to ease the stress and boost credit flow. Incentives to support the real estate and hospitality sectors are also likely.
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