The Union Budget 2021-22 was unveiled against the backdrop of the unprecedented Covid-19 pandemic, which has had a severe impact on India’s economic health over the past year. However, the Budget speech highlighted the success India has had in controlling the pandemic, currently reflected in some of the lowest cases and fatality rates per million globally. This, in turn, has facilitated an economic recovery that has gained momentum in recent months. The Budget has gone a step ahead and unveiled measures to support domestic demand, job creation and boost economic growth.
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