(FE)
Budget 2020, at the dawn of a new decade, is extremely crucial for India. The Union Budget 2020 will decide the course of action by Indian policymakers in this decade, just like the then FM Manmohan Singh did under the leadership of PM Narsimha Rao in early 90s and changed India’s economy forever. That Budget not only opened up India’s economy but also propelled it on the path of a dream run that we witnessed in 90s and 2000s. India Budget 2020 by FM Nirmala Sitharaman has the same opportunity. Budget 2020 date is February 1 and Union Budget 2020 live updates are available on Financial Express Online. Budget of India 2020 time is 11 am on Saturday when FM Nirmala Sitharaman will deliver her Budget 2020 speech in the Lok Sabha.
Finance Minister Nirmala Sitharaman will present Modi government’s Budget 2020 speech in the Parliament today. Union Budget 2020 on February 1 is seen as an important one, with India Inc and the common man having several expectations. India’s economy has been in the news due to the slowing GDP growth before this Budget. Each and every sector is expecting some policy or fiscal stimulus from Budget 2020 to boost growth while the government is caught up in battles of its own at multiple fronts. Ahead of Budget 2020, Nobel Laureate Abhijit Banerjee termed India’s economic situation as ‘recession’. India’s ambitious and taxpaying middle class is hoping, with bated breath from the Budget 2020, for relief in the form of an income tax rate cut or any similar measure but experts suggest that FM may not have much elbow room for this, at least in this Union Budget 2020. India’s fiscal situation is not encouraging either.
