Union Budget 2021 – Key Highlights

World Trade Center Chennai in association with Indian Institute of Materials Management (IIMM) Bangalore, organized an online session that discussed the key highlights of the 2021-22 Union Budget. Mr. V. Guruprasad, President, IMA, Bangalore Chapter was the Speaker at the event. Mr. Guruprasad started off his presentation by mentioning how India as the 6th biggest in terms of GDP and is growing to be $ 5 trillion economy. He listed down the 6 pillars of the 2021 Union Budget as - health & wellbeing, physical & financial capital & infrastructure, inclusive development for aspirational India, reinvigorating human capital, innovation & research & development and minimum government and maximum governance. 

Mr. Guruprasad mentioned that the budget has a few focus areas such as big boost to capital expenditure, new economic corridors, improved roads, railway infrastructure, push towards digitization, sustainability and green energy. He added that 13 sectors have been identified by the government like electronic components, pharma, medical devices, auto parts, telecom, food, steel etc. to drive forward the Atmanirbhar Bharat campaign. 

The programme was attended by supply chain, IT, finance professionals, SMEs and startups. Dr. Bose Nair, Vice President, World Trade Center and Mr. Jayaraman Subramanian, Chairman IIMM Bangalore also spoke.