It’s been seven months since Finance Minister Nirmala Sitharaman bucked the trend of carrying budget documents in a briefcase when she presented the 2019-20 Budget on July 5, 2019. A lot has changed since then. There has been much hand-wringing by economists about the slowdown in the economy. The nominal GDP growth rate has fallen below the returns on the 10-year government bond, which makes risk-taking difficult for the government. The economic slowdown, coupled with the high inflation rates, has worsened stagflation fears.The Finance Ministry has sought recommendations for the upcoming Budget from the industry representatives across different sectors. Such consultations will help formulate robust policy decisions that will eventually kickstart the slowing economy. Here are some of the big-ticket reforms expected from Budget 2020:
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