Budget 2021 Review - Stepping On The Growth Pedal: ICICI Direct - Key Highlights
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ICICI Direct Report
The Union Budget 2021-22 was clearly growth focussed with sharp increase in capex allocation (up approximately 26% YoY), and outlining manufacturing as the key pillar for the economy, while rightly allowing for higher fiscal deficit, given the low interest scenario.
Most importantly, along with capex path, the budget has also outlined the additional financial avenues to attain the same, through setting up development financial institution, monetization of infra assets and divestment plans of non-core asset.
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