Union Budget 2022 | Balanced, fiscally prudent and growth oriented, says USAIC
The Hindu
President of the Boston-based USAIC Karun Rishi, however, said it is a matter of concern that the Budget lacks tangible measures to increase revenue generation.
In the midst of third wave of , Finance Minister Nirmala Sitharaman has come up with an impactful Budget which is balanced, fiscally prudent and growth-oriented, the USA India Chamber of Commerce (USAIC) has said.
President of the Boston-based USAIC Karun Rishi, however, said it is a matter of concern that the Budget lacks tangible measures to increase revenue generation.
“Opting to keep the fiscal deficit at 6.9% and by 35% is a masterstroke. The estimates the effective capital expenditure of ₹10.68 lakh crore in 2022-23, making up about 4.1% of the GDP,” he said.
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