What is the common man looking forward to? Focusing on getting richer, or hey atleast not poorer. Some of the major concerns, right?
However, from the economic perspective, I guess it’s very imperative that stronger and empowering decisions are taken for the country’s welfare and economic recovery. Especially considering inflation concerns, Omicron concerns, and US Fed’s decision for tapering.
In the last budget, as the focus was towards health, infrastructure and education as it should be, it would be quite nice to notice the current focus of the Government in the current situation with the new COVID variant and the further road to deal with it .
The markets, however, have shown their reaction to this new variant.
The Budget 2021, pushed up the capex spending to a total of 15.9% of the total budget, highest since the fiscal 2008. Will the capex spending be further stepped up this year?
Many Industries are showing signs of reaching pre covid levels but it remains to be seen if we are out of the hole completely.
That being said, there is still a need for employment, health, education, reskilling, development of the manufacturing and the service sector which drives the growth of the formal economy overall.
Along with this, how will we tackle the development hurdles in the informal economy? Again, concerns of social security arise.
Apart from what has been mentioned above and the most common concerns, there are so many other questions that i keep scratching my mind on:
Below are some:
To what extent there will be changes in the tax structure and there will be any new tax exemptions?
From a POV of GEN-Zz, will there be a boost given to the startups, EVs, green energy, etc.?
What would get cheaper/expensive in terms of the duties and cess on the products if they are increased/decreased at all?
Will there be measures taken to increase financial inclusion?
Which industry will be incentivised and pushed up as the pandemic has hit a lot of industry, the effects of which still remain.
What alternate measures will be adopted if the country faces another lockdown?
Damn, too many questions, and surely I’m not the only one dwelling on a list of questions.
Would love to know others’ views on this year’s Budget 2022 and what can/does one expect, demand, or be concerned about before the big day of February 1st.
Lastly, if you just had to answer one, how would you bet on the market on the Big Day?