Optimistic outlook towards sustained growth

The government had embarked on a series of structural reforms much before the pandemic hit us. These efforts accelerated post the pandemic and are likely to bear fruit in the next few years. Recent data suggest that growth is gaining momentum. The resilience amongst businesses and consumers, and the improving economic fundamentals will help India tide through successive infection waves. That said, a weak labour market and inflation pose downside risks. The pace of vaccination and effective government policies will be critical to a sustainable economic and industrial recovery.

Deloitte in its survey aims to analyse the industry’s expectations from the upcoming budget, with the standpoint of economic growth, the ease of doing business, and self-reliance. Read below to more.

Objective

• Understand the industry’s sentiments in terms of economic outlook and growth
• Assess the types of government stimulus that the industry felt were helpful in boosting demand and reviving supply
• Understand the industry’s viewpoint with respect to healthcare facilities, and technology and digitisation enhancement in the country
• Analyse the industry’s expectations from the upcoming budget, with the standpoint of economic growth, the ease of doing business, and self-reliance
• Discuss industries’ outlook towards tax-related changes and capital injection tools that can lead to the economic revival and growth