Finance Minister Nirmala Sitharaman will shortly announce her first budget, in which she is expected to raise spending and cut taxes on business to shore up the economy after a five-year low. Chief Economic Adviser KV Subramanian said he expected the minister to include some of the ideas shared in the Economic Survey. In its economic survey yesterday, the government predicted that the economy will rebound and grow at 7 per cent this year, while outlining plans on how to double its economy by 2024-25 to $5 trillion.
