This has been the question of India's larger population as most people across the nation have been filled up with hope, skepticism, and expectations on Union Budget 2020 which would be presented by Finance Minister Nirmala Sitharaman on Saturday. Its the second budget of the Modi government after it came to the power in 2019 which has been expected to carry the remedy for the deteriorating state of the Indian economy.

As like her first budget, Sitharaman is back with the red cloth around the budget papers through which she would either surprise or disappoint the Indian people and the markets. The expectations have been spurring around the budget that the Modi government would likely increase the state spending on Infrastructure and offer some of the tax relaxations and relief for Income taxpayers.

On Friday, the Central government had released the Economic Survey 2020 that would be the preface and predictions of how the Indian Budget would look like. In the Economic Survey, that was released by the Chief Economic Adviser, the Union government has predicted that the economic growth would elevate to 6% to 6.5% in the fiscal year of 2020-21 and on the other hand, it had warned that it might exceed the fixed target of the fiscal deficit. Nirmala Sitharaman would be tabling the Budget at 11 am in the Parliament.

The anticipations are high on whether her budget would fix the shaking grounds of Indian markets and revive with the purifying announcements to stabilize India, which is Asia's third-largest economy as the economic corridors of India have been drifting in Modi's second term. The September ended quarter stood at 4.5 percent growth which is the lowest in six years and along with that, most importantly, she carries the burden of lifting the employment as the unemployment levels have unprecedently hit four-decade high. The reports say that India needs to create jobs for over 1.2 million.

It has been reported that the Modi government would spend Rs 102 trillion on enhancing the infrastructure including ports, airports, highways, irrigations for the next five years. It also may announce the income tax relaxations and relief for the individual income taxpayers as the BJP is on the campaign trail of Delhi Assembly elections and it has strongly been criticized and the nation has been agitated against the Central government for upholding its Hindutva propaganda and enacting the Citizenship Amendment Act (CAA).

The Economic Survey underlines the justification of investing more on infrastructure to meet its target of making India a $5 trillion economy and in line with that, the Finance Ministry must concentrate on watering the growth of new businesses and establishments by loosening the fist on the new entrepreneurs. As Budget special, the Bombay Stock Exchange (BSE) said that stock markets would be open for trading on February 1st with the view of presenting the Union Budget.