Anticipated Financial Recovery Might Result In Buoyant Taxation, Say Experts On Eco Survey 2021

INSUBCONTINENT EXCLUSIVE:
Advisor Krishnamurthy Subramanian presented the economic survey 2021 on Friday, January 29, ahead of budget 2021
This year, the budget assumes significance as it will be presented at a time when the economy is battered due to the COVID-19 pandemic
current financial year ending March 31, according to the International Monetary Fund
economic activities, covid-19 vaccination and a host of policy steps taken by the government
It has also hinted at continuation of fiscal expansionary stance
The expected recovery will result in buoyant tax collections and ensure a sustainable fiscal path over the medium term
It has indicated that an expansionary fiscal policy may continue beyond the current year to boost domestic demand and investments
This may imply that the government may not be in a hurry to tighten up on the fiscal front in the near term and may be comfortable
Head, Infrastructure, Government and Healthcare Practice, KPMG:The Economic Survey focuses on core themes that have now become ever-more
vital for India to overcome the consequences of the COVID-19 pandemic and to restore its growth trajectory; towards becoming one of the
top-performing major economies in the world
The first focus area is the improvement of individual health outcomes and the provision of community protection to all, deploying best
Anshuman Magazine- Chairman - CEO, CBRE India, South East Asia, Middle East - Africa:The Economic Survey 2021 tabled by Hon
Finance Minister is evident of the overall resilience that India has shown during the pandemic
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surveillance and protection; and the need to revive and fortify investments in infrastructure creation as delineated in the National
Infrastructure Pipeline
This focus on accelerating infrastructure creation is expected to yield three-fold benefits: improving people's ease of living, priming the
economy, and absorbing large numbers of the young into non-farm employment.