Budget 2020: Hopes pinned on Sitharaman as Economic Survey stokes fiscal fears

Finance Minister Nirmala Sitharaman has quite a task ahead of her as she prepares to present Union Budget 2020 in the Lok Sabha on Saturday (February 1). The economy is not in the best of shapes. International Monetary Fund (IMF) has already slashed India’s growth forecast from 6.1 per cent to 4.8 per cent. Prices of goods are high and the common man is looking at Budget 2020 just as he is at his own pocket. The situation is tough indeed. But it will not be a first time when the Indian economy defies everything and rises again.

Here’s what to expect from Budget 2020:

Personal Income Tax Slab
Real Estate
Defence
Banking
Fiscal deficit