Finance Minister Nirmala Sithraman is set to present the Union Budget 2020 today amid concerns over a massive economic slowdown, high unemployment, declining savings and a slump in consumption.

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Will Budget 2020 change the sentiment and steer the course of the Indian economy?

Prime Minister Narendra Modi has reportedly held several meetings with about 120 leaders — from economists to business leaders — to understand the feedback from the industry, the pain-points and act upon them.

Here's what the government is likely to try and put forward by way of policy intervention:

Confidence-building measures

: If one goes by what the Economic Survey says, focus on wealth creation seems to be the tone of the government’s message to corporate India to get private investment started again.

The Economic Survey has been silent on direct taxes but the big expectation is that the Budget will focus on the 'Aam Aadmi' and at least provide some relief if not much.

Long-term capital gains tax (LTCG) and dividend distribution tax (DDT) relief: The PM, while addressing investors in New York, said the government would move towards equity taxation that is at par with what is globally acceptable. The direct tax task force has also suggested changes to the LTCG as well as DDT.

Infra impetus: Infrastructure spending is the number one priority as that will likely spur and boost the economy.

Realty revival: Expectation is that there could be more by way of SOPs for the housing sector to try and get the unsold inventory going.

Privatisation push: Most experts including NITI Aayog CEO Amitabh Kant and vice-chairman of the NITI Aayog Rajiv Kumar believe there is a need to push privatisation and strategic disinvestment.

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