Nirmala Sitharaman India covid-19 Government Nirmala Sitharaman India

Pre-budget meet: Industry urges govt to prioritize expenditure on health, infra

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Union Budget 2021-22, top industrialists on Monday urged the government to kick start economic recovery and growth by boosting private investment, creating jobs, while prioritizing expenditure on healthcare and infrastructure.In a first ever virtual pre-budget consultation with the finance minister Nirmala Sitharaman and top officials of the finance ministry, industrialists called for a fresh round of fiscal stimulus to support economic growth.

Confederation of Indian Industry (CII) recommended a three-pronged strategy for budget 2021-22 centering around growth, fiscal consolidation and strengthening of the financial sector that would help overcome the impact of covid-19 on the economy.“Aggressive disinvestment and monetization of assets.

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