Budget 2018: Know what experts have to say on expectations of the common man

All eyes shall be on the Union Budget which shall be presented by Finance Minister Arun Jaitley on February 1.

While the economic survey threw some light on what bearings reforms like the Goods and Service Tax and demonetization had on the economy in FY 2017-18, the budget would put a final seal on the sectoral allocations made by the government.

While the economic survey projected a GDP growth of 7 to 7.5 percent for FY 2018-19, fiscal deficit remained to be an area of concern for the government.

Chief Economic Advisor Arvind Subramanium clearly spelled out job creation would be the major challenge gripping our economy in the near future.

With this budget being the last full-fledged one before the Lok Sabha polls in 2019, experts are deeming it to be a populist one.

The middle class which forms the nucleus of the taxpayers would keenly be looking out for some soaps from Finance Minister Arun Jaitley.

News Nation did a special show on the Union Budget at the Amity University taking into account the view of the economic experts

Here is what the experts had to say - 

• Budget before every election is a populist budget-- Manoj Gairola

• The government has hinted at lowering the corporate tax - Manoj Gairola

• Due to lower corporate tax collection, the treasury does not look good - Manoj Gairola

• Changes in policy matters are expected in sectors like infrastructure, real estate and textile - Arun Jain-Co Chairman ASSOCHAM

• Section of the population is heavily affected due to economic policy decisions - Dr. Akhil Swamy, Professor of Amity University