Industry body CII has recommended a three-pronged strategy for Budget 2021 centring around the key themes of growth, fiscal consolidation and strengthening of the financial sector that would help overcome the impact of COVID-19 on the economy. The recommendations were presented to Finance Minister Nirmala Sitharaman at a meeting with industry leaders held on Monday. Presenting the suggestions, Uday Kotak, President CII said, “this year’s Budget comes at a time when the Indian economy is recovering from the unprecedented shock caused by COVID-19. The government has an unenviable task of ensuring a fine balance between supporting economic recovery and growth on one hand and ensuring macro-economic stability on the other. CII’s suggestions take this aspect into cognisance.”
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