As Union Finance Minister Nirmala Sitharaman on Monday will deliver her promised Budget, expectations are high in all spheres. GlobalData, a leading data and analytics company, said the need of the hour is to increase credit flows, especially to small and medium enterprises sector, as well as investment in education and health sectors to boost production and consumption.
"Four elements must be activated to build economic vibrancy over the long term - give infrastructure a significant push through public and private investments, facilitate large-scale private and foreign investments across industrial, services and agricultural sector; incentivise private consumption in the near term without significant compromises on tax revenues; and step up allocation in health and education sectors," Acuité Ratings & Research Limited said.
Further drawing attention to digitisation of education, Joyanto Mukherjee, chief officer of marketing, communication, Deviprasad Goenka Management College of Media Studies, Mumbai, said, "In the upcoming budget, one of the biggest expectations will be funds being made available to digitalise rural education. We are headed towards a huge intellectual loss due to the forced digitalisation of education during the Covid outbreak."
