India has moved past the key milestone of 150 crores vaccination jabs within a year. While the efforts towards getting more and more of the population vaccinated will continue (including children and booster doses for senior citizens), the focus now shifts to the North Block.

Whilst several businesses witnessed resilience and uptick in the economy in 2021, it is expected that the pandemic will soon enter into the endemic stage. This sets out the stage for growth and expansion of the Indian economy. Against this backdrop, the upcoming Union Budget 2022-23, which will be announced on February 01, 2022, is expected to assume great significance in inking out the growth trajectory of the Indian economy.

With encouraging tax collections, India Inc is expecting some key announcements which will enable them to reset their growth agenda and also help stressed sectors to come out of the woods. At the same time, managing fiscal prudence, balancing inflation targets, and public spending shall be an interesting convergence to watch out for.