Budget 2021 in the context of the COVID-19 pandemic | Daily FT

The Budget speech 2021 was presented at a time when the country is being severely hit by the COVID-19 pandemic. GDP growth is projected to be down to negative 2% this year. Despite this economic setback, the Government envisages to maintain an inclusive GDP growth rate of 6% per annum over the medium-term while containing inflation to around 5%, according to its macroeconomic program, ‘Vistas of Prosperity and Splendour’.Less emphasis on COVID-19Given such optimistic targets, it is somewhat puzzling that the Budget speech does not pay much attention to the COVID-19 pandemic which has paralysed…

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HEDGE accordingly