Union Budget 2021: Incentives, more allocation to power sector may propel economic growth

Indian Union Budget 2021-22: Budget 2021 will be of considerable importance to the power sector even if it is viewed only from the perspective of the setback received by this sector due to the outbreak of COVID-19. During this pandemic period, the Government called for the country and its citizens to be ‘independent and self-reliant in all senses’ while introducing the Atmanirbhar Bharat Abhiyaan. One of the five pillars of the Atmanirbhar Bharat Abhiyaan is Infrastructure and needless to state that power sector is an integral and key part of it. The stimulus packages announced by the Government during the pandemic has attempted to give strength to the power sector, however, are largely considered as being unable to achieve the desired results.