The upcoming ‘Budget 2020’ is highly critical for the economy. It is expected to ensure a galvanising role in uplifting the economy from a demand recession and liquidity crunch.
As a part of pre-budget recommendations, CMD of Hiranandani Communities and Assocham President, Dr Niranjan Hiranandani said that some bold measures in key areas of concerns will help to revive the economy and help achieve the target of a $5 trillion economy in the next few years.
Some of the key recommendations by the body are:
Overall, some key fiscal incentives, sustained public investment and a set of focused measures on labour-intensive sectors such as tourism, textile, housing and infrastructure may steer growth.
You can read the entire and detailed set of recommendations here.