The Union Budget has gone a step ahead to support and boost economic growth

Today, most companies are focusing on adapting and finding ways to re-invent systems to optimise their employee experience in a largely dispersed, but digitally connected workplace. The Union Budget 2021-22 was unveiled against the backdrop of the unprecedented Covid-19 pandemic, which has had a severe impact on India’s economic health over the past year. However, the Budget speech highlighted the success India has had in controlling the pandemic, currently reflected in some of the lowest cases and fatality rates per million globally. This, in turn, has facilitated an economic recovery that has gained momentum in recent months. The Budget has gone a step ahead and unveiled measures to support domestic demand, job creation and boost economic growth.

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This year Union Budget turns out to be an excellent budget but not a transformational budget as was made out to be. It has adopted a brilliant strategy of large scale infrastructure rollout, funded by asset monetization of existing road, power lines, gas pipelines and railway assets. The budget also covers funding of New Education Policy which will provide the human resources needed for growth in this decade. Adequate provisions have been made for health, education, agriculture, MSME's and startups. Hope there is removal of GST on digital payments and removal of Angel tax as a followup of the budget. Overall, the budget manages to put up a convincing package to fund the desired goals while providing revenue lines for the same.