Objective and Scope:

The client, a global consulting firm, wanted to conduct an expectation study of the Union Budget 2021. With the COVID-19 situation affecting the Indian economy negatively, the client wanted to understand the perspectives of industry leaders and financial experts on prospective changes and budget announcements that could help revive the Indian economy. For this, it sought Benori’s support to create a report focused on areas, including:

• Outlook on India’s growth and overall expectations from the budget
• The effect of the government’s interventions or stimulus packages during the lockdown
• Crucial budgetary steps that can drive the economy’s growth and revival

Approach:

We conducted online surveys with senior professionals across different industries and company categories. The survey contained 10–12 questions on economic revival, ease of doing business, and self-reliance. We collected a total of 180 responses from nine industries. Further, we conducted a few expert interviews with stakeholders from key industry associations, trade bodies, economists, and tax experts.

Impact:

The research helped the client in getting a view of expectations that the industry had from the Union Budget 2021 and helped it in getting insights on:

• The requirements of the industry and experts from the Union Budget 2021 for the economy’s revival
• The expectations from the perspective of effective stimulus, taxation, and capital investment areas