The disruption that the pandemic has ushered in requires no explanation, as one can find its direct repercussion in the form of a massive global financial contraction. Amidst these uncertain times, wherein India has rolled out vaccination in a phase-wise manner coupled with Union Budget providing the right growth impetus - the question resounding is whether these factors will kickstart India's economic recovery.
The economic deprivation due to the COVID-19 pandemic was unparalleled in the history of the entire world. While the scope of damage has reflected unfavourable impacts from every aspect, its influence was also imminent. To provide relief and infuse optimism to the nation, the government announced the Budget to prompt recovery. The first-ever digital, paperless Budget presented after the pandemic outbreak aimed to create a holistic environment of growth- starting from MSMEs to other impacted sectors like hospitality, with a nudge to promote the Atma Nirbhar Bharat vision.