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Budget 2021: Expect government to continue to spend aggressively, says Nomura's Sonal Varma

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Budget 2021: Expect government to continue to spend aggressively, says Nomura's Sonal Varma

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In an interview to CNBC-TV18, Jahangir Aziz, Head of Emerging Markets Economic Research at JPMorgan and Sonal Varma, Chief Economist- India and Asia Ex-Japan at Nomura Financial Advisory and Securities shared their key expectations from Union Budget 2021.

In an interview to CNBC-TV18, Jahangir Aziz, Head of Emerging Markets Economic Research at JPMorgan and Sonal Varma, Chief Economist- India and Asia Ex-Japan at Nomura Financial Advisory and Securities shared their key expectations from Union Budget 2021.
“The economy is still in very early stages of the recovery and the government is likely to continue to spend aggressively in the first half of next year,” said Varma.
“Because of the pandemic, we are overthinking the budget and we are thinking that budget is going to be very challenging but ironically because of the pandemic, this budget should be a very simple exercise,” Aziz mentioned.
For entire discussion, watch the video...
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