Finance Minister Nirmala Sitharaman will present her maiden Union Budget in Parliament today. Sitharaman will present the first budget of Modi 2.0 government on July 5 against the backdrop of India’s economy hitting a five-year low growth of 6.8 per cent in 2018-19.
It will be interesting to see how Nirmala Sitharaman proposes to steer the economy at a time when reports suggest that there’s been a steep slowdown. The Economic Survey which is traditionally released a day before the Budget mentioned yesterday that the government needs to pump in new investments.
Keeping in mind the survey and experts’ opinion, boosting investments might be a key move of Sitharaman’s budget. Dwindling exports, jobless growth, weak domestic consumption, rising NPAs, agri crisis amongst others also continue to plague the economy.
Inputs from businessstandard