The Budget 2020 has some prudent steps towards improving consumption from the middle class and energising the economy into a phase of recovery. The measures under ACE – Aspirations, Economic Development, Caring Society – will be crucial for the betterment of the economy on the whole. Steps like boosting investments for development of smart cities, Simplification of GST returns, making affordable housing more accessible, prominence of rural & skills development, government’s reform towards reduced central government debt , and a much needed tax relief for consumers will not only uplift the manufacturing sector but also set India well on the path to become a 5 trillion dollar economy. Further in line with the government’s vision to eradicate poverty so far we have been successful in bringing 271 million citizens out of poverty.
