The markets will today react to the Budget 2021 proposals, which will be presented by Finance Minister Nirmala Sitharaman in the Parliament later in the day. The SGX Nifty pared its earlier losses and was trading 44 points up at 13,764, at 7:30 AM, indicating a positive start for the domestic benchmark indices, amid weakness in their Asian peers.
The FM has promised a “never before” budget that would help revive economic sentiment in a Covid-19 impacted year. While most experts suggest the government should loosen its purse strings and not worry about the fiscal deficit, it will be a tightrope walk for the FM to increase spending without going overboard. Growth and not fiscal prudence, experts say, should be the priority. READ MORE ON WHAT TO EXPECT