To lift the depressed sentiment especially among its core constituency of Swadeshi industrialist and traders, the BJP’s thrust in the upcoming Budget, and Parliament session, is expected to be on deregulation, ring-fencing bankers to facilitate better lending, and rationalizing the duty structure to ease the supply-side constraints.
Simultaneously, the ruling party wants a fresh infusion of funds through the ₹105-lakh crore National Investment and Infrastructure Fund into cement, steel, and construction equipment as well as a higher allocation for PM Kisan, MNREGA, Ayushman Bharat, Ujjwala Yojna and PM Awas Yojna to boost consumer demand.
In the agriculture sector, stress will be on expediting the establishment of 22,000 local Mandis to ease marketing bottlenecks.
Key initiatives
Besides, 32 other initiatives are to be taken towards addressing the concerns of telecom, auto, real estate sectors, MSMEs and the liquidity crunch in NBFCs.
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