Mr. Lokendra Ranawat, Co-Founder & CEO at WoodenStreet:
“In the budget 2021 ,the major focus will be on providing relief to the stress caused by the COVID-19 & on encouraging the growth of domestic organizations (to give further support to the Make in India initiative). Sectors such as automobile, IT, finance, & aviation will be in the major focus.
2020 was the year of start-ups, which even during such times showed an exemplary growth while bringing in investments of more than $11 Billion. So, in budget 2021, some more steps can be expected to further push the growth in the coming years. In addition to this, new corporate tax reforms can also be expected to provide further relief to the Covid hit sectors.”
“Undoubtedly, the real estate sector plays a pivotal role in the growth of the India economy. In fact, realty domain is like more or less an engine to the entire economic machinery, and many allied sectors and industries like cement, steel, building/construction material, paint, consumer durables which directly or indirectly witness an impact due to developments in the realty sector. Hence, with a boost, the real estate sector is sure to have a positive impact on the associated sectors and industries as well. Moreover, if given the right push, employment generation will also see a substantial rise.”