Budget 2020 is going to be like a classic T20 match. While on the one hand there is a decline in economic growth rate and low revenue or fiscal differentials, on the other side it needs to stimulate demand, revive investment cycle and manage market expectations. All this is not less than a cycle for the government. With this, there will be a decrease in revenue due to the lack of revenue in all categories, as well as a reduction in capital expenditure.

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The disinvestment of Air India, BPCL and CONCOR may make things easier for the government. At the moment, it is being rolled out to the next financial year. One can argue that the government should have gone for fiscal expansion when the initial signs of lethargy last year. At the same time, things were a bit fine and there was less risk of slipping. At the moment, the government will now be cautious on fiscal expansion. Apart from this, low expectations can be expected from this general budget to bring the economy back on track.

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1. Tax exemption for individuals

2. Long Term Capital Gains Tax

3. Changes in import duties in some sectors to boost domestic manufacturing

4. Foreign sovereign bonds to be issued

5. Direct Benefit Transfer and Agricultural Reforms

6. Infrastructure - Railways, Roads, Defense, Housing

7. Strategic Disinvestment / Incorporation

8. Measures to overcome the shortcomings of the tax procedure

9. Measures to strengthen the financial sector and MSMEs

This general budget is going to be presented at a time when there is a great need to revive the economy. We hope that the Finance Minister will be able to create a balance on the fiscal situation, strengthening the economy and interests of investors and industries.

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