On the morning of 1st February, our current finance minister Nirmala Sitharaman has read our new budget for the financial year 2020-21. We have defined every aspect of the budget and explained how it will affect the lives of general people.
According to Sitharaman, the budget, 2020 will have a futuristic impact on the Indian economy with the aim of making India a 5 trillion economy in 2024.
In the video, we have gone through the
1. Condition of the Indian economy current vs How the budget will affect it?
2. What will the budget do for unemployment?
3. What amount the government will spend on infrastructure and development sector?
4. How is the stock market impacted by the introduction to the budget?
5. What are the steps taken by the government for the improvement of economic slowdown?
6. Removal of previous taxes and introduction to new taxes?
7. How will Direct Distribution Tax be charged now?
According to us if this budget is followed strictly as per they have said it will be helpful in the long term and will have a revolutionary impact on the Indian economy because a good amount of money will be spent on the development and employment sector.
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