Budget 2021: Poonam Tandon of IndiaFirst Life lists sectors in focus

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The government and RBI have been monitoring the impact of the pandemic on the economy and have taken several steps to support the economy in a timely manner. We feel the 2021 Union Budget will be important to revive growth.

The following areas are likely to get a growth push:

— Ramping up infrastructure development as states which also have a significant share in the infrastructure activity are facing high fiscal deficits and liquidity issues. This has a multiplier effect on the economy and fosters broad based growth, and will remain a top priority to ensure quicker economic turnaround and achieve more balanced and sustainable economic growth

— Favourable manufacturing and digital ecosystem to encourage domestic businesses & spur private spending and also attract foreign companies to set up base in India. — Modern agri infrastructure and farm technologies. — Healthcare — Forward and backward linkages with key MSME industries. The government will need to restrict the deteriorating credit environment and incentivise exports. — Growth-oriented sectors like steel, cement, coal, and power

To ensure fiscal prudence, faster execution of the disinvestment programme and monetisation of assets can help increase cashflows to the government.