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This case study evaluates the integration of natural capital into India's post-COVID economic recovery, specifically analyzing the 'Atmanirbhar Bharat Package' (2020) and the Union Budget 2021-22. The analysis focuses on five priority sectors: agriculture and allied, MSME, power, mining, and the social sector. The study finds that while the Union Budget 2021-22 showed a higher proportion of natural capital positive schemes compared to the recovery package, significant gaps remain, including a lack of capital expenditure for green infrastructure and a heavy reliance on monetary policies over fiscal instruments to incentivize green practices.