FOREWORD
A drive towards $5 trillion
economy
As the Modi Government 2.0 presents its first budget of the new
decade, there have been a lot of deliberations around various
measures that may be looked at for providing stimulus to the
economy, means for meeting fiscal deficits, and addressing the NBFC
liquidity issues, among other concerns.
Last year's path-breaking measures to alleviate economic
concerns, such as the reduction of corporate tax rates and boosts
for the export and real estate sectors, soared the expectations of
the taxpayer fraternity in general for further relief measures.
The Finance Minister, in her second budget, discussed the vision
of having a common goal of shared prosperity for the people of what
is now the World's fifth-largest economy. Focusing on its
four-wheel wagon of vibrant and dynamic economic development,
liberalization and optimum utilization of technology, fundamental
and structural reforms, and delivering ease of life, the
