The Union Budget is being prepared amid global uncertainties, rising market, slowing growth and rising food inflation. The first full-year Budget of finance minister Nirmala Sitharaman, therefore, needs to be a balanced one as is expected to fuel the country’s transformation into a $5 trillion economy in five years. The Narendra Modi government will need to take some initiatives to revive growth in the economy and the focus needs to be on fiscal policy, interest rates, banking sector, and employment.

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