Budget Townhall: Looking at 8% plus growth in next two decades if Budget proposals are implemented: Arvind Panagariya

Finance Minister Nirmala Sitharaman announced Budget 2021 on Monday (February1), which has enthused the markets.

In CNBC-TV18's Budget Townhall, Arvind Panagariya, former VC of NITI Aayog said Budget 2021 ticks all the important boxes.

According to Panagariya public enterprise policy, bank privatisation & LIC IPO are the key announcements of the Budget.

Panagariya said, "This Budget is absolutely mind-blowing. It has ticked practically every single box that you could think off. I think the public enterprise policy, privatisation of two banks, listing of LIC are very big announcements."

"We have to have a clear roadmap so that the debt to GDP ratio is brought back somewhere in the 60-65 percent range and that ought to be the goal. I also believe that this Budget if implemented, we are looking at easily 8 percent plus growth in the two decades that will follow COVID or what I call the post COVID decades. So if we maintain growth momentum and pay some attention to containing our expenditures as we go forward, I think we will be in quite a good shape", he said.