- Karthick V
- 29 Jan 20
- business

The primary focus in this year's budget will be on improving the domestic demand. Read to know the need and expectations from Budget 2020.
The Finance Minister Nirmala Sitharaman is gearing up to present her second budget amidst a radical expectation on the domestic production. The mounting pressure is attributed to the downward economic growth of India to 4.8% for 2019-20 by the International Monetary Fund (IMF). The growth has been highlighted as India decelerated to a six-and-a-half-year low during the September quarter.
A significant factor that led to inflation in growth was the stress in the non-bank financial sector, complex norms around GST, lack of affordable access to capital, and unconvincing rural income growth. The growing inequality in India is a crucial indicator of the need for revival in budgetary allocation.