Budget 2022 Expectations: Here’s what corporates, economists, and market experts expect
Budget 2022-23 Expectations Highlights: Finance Minister Nirmala Sitharaman is set to present her fourth Union Budget Tuesday, February 1, 2022.
The Budget session of Parliament is set to kick off on Monday, January 31, 2022, with President Ram Nath Kovind addressing both the houses. The session will be held in two parts – the first part of the session would conclude on February 11, 2022. After a month-long recess, part two of the session would begin on March 14, 2022, and conclude on April 8, 2022.
With just a few days left for the all-important event of the Indian financial calendar, various market experts, economists, and financial experts have their eyes on the Budget session.
Here’s Shivam Sinha, Founder and CEO at Indiassetz, on the investment and wealth management segment
"With respect to the aftermath of the COVID-19 pandemic, the Indian economy grew 8.4% in the 3rd quarter of 2021. While India is going through another wave of the pandemic, it is crucial to closely examine and redefine the wealth, investment, and tax reforms of the country. To keep the growth intact, tax policies on investments in global stocks and foreign direct investments should promptly be reviewed. While the tax revenue is of crucial importance to the recovery of the Indian economy, a balanced approach towards GST, property tax liability, and stamp duty will play a very important role in determining an average Indian’s ability to invest in the real estate sector. Starting from the remotest of areas in the country, a focus on investments in townships and infrastructure is equally important to help the Indian economy rise back to its full potential."