Highlights: India unveils budget aimed at boosting pandemic-hit economy
February 1, 2021 12:43 PM NPT
India's Finance Minister Nirmala Sitharaman (C) stands next to Minister of State for Finance and Corporate Affairs Anurag Thakur (3rd L) as she leaves her office to present the federal budget in the parliament in New Delhi, India, February 1, 2021. REUTERS/Anushree Fadnavis
NEW DELHI, Feb 1: Indian Finance Minister Nirmala Sitharaman on Monday unveiled the budget for fiscal 2021-22, that aims to shore up an economy badly-hit by the novel coronavirus pandemic.
The economy is projected to contract 7.7% in the current fiscal year, although the government forecasts growth of 11% for the coming fiscal year, after a massive COVID-19 vaccination drive and a rebound in consumer demand and investments.
These are the initial highlights from Sitharaman’s fiscal 2021-22 budget speech: