A growth-oriented, pragmatic Budget 2022
The Hindu
The sustained focus of this year’s Union Budget on supporting growth while also targeting all-inclusive welfare, through a variety of schemes, is welcome. It comes at a time when the pandemic has wors
The sustained focus of this year’s Union Budget on supporting growth while also targeting all-inclusive welfare, through a variety of schemes, is welcome. It comes at a time when the pandemic has worsened inequality not only in the country but across the globe. In line with suggestions made by CII, the strategy laid out by the Budget is to spend on infrastructure projects to create jobs and enhance demand.
For enhancing productivity and investment, the government’s continued focus on public capital expenditure, especially the PM Gati Shakti scheme, is notable. The substantial increase in CapEx outlay of 35% to ₹7.5 lakh crore during FY2022-23 would help pump-prime the economy and demand not only in the said year but also in the years ahead.