The government has continued with earlier policies, schemes and extent of outlays, without attempting radical shifts or transformations
The Budget proposals seek to stimulate the economy by stepping up public investments, which will create demand for industrial inputs and generate jobs, Economic Affairs Secretary Ajay Seth said.
Niti Aayog Vice-Chairman Rajiv Kumar on Wednesday said the government is taking all possible measures to ignite private investments, which will be the best bet to pull the economy out of the shadows
As many as 51 projects have been sanctioned under the Trade Infrastructure for Export Scheme (TIES) till the end of January and out of that, 13 projects are already completed, Parliament was informed
We must also acknowledge a certain middle class approach this government takes to managing the economy
Indirect taxes shall rise 5.5 per cent, on the back of a 15.6 per cent increase in spending in FY23
Gati Shakti is an enabler and not an added impediment for infrastructure projects in the country, Union Commerce and Industry Minister Piyush Goyal said
The Union Budget 2022 was another decisive step towards reforms and inclusive development
Finance Minister Nirmala Sitharaman said the revised estimate of capital expenditure for this fiscal is Rs 6.03 lakh crore
Sitharaman said capital investment holds the key to speedy and sustained economic revival
The philosophy appears to be addressing the unemployment issue through increased capex, which will have a multiplier impact on the economy
The Indian economy is staging a gradual recovery, but the environment - both local and global - remains challenging given the upside risks to inflation
In terms of sector focus, the Budget has primarily focused on agri and MSME
If the sector goes sick due to lack of support, it will affect everyone as they provide material to almost all other sectors
The government seems to be determined to change the shape of recovery from K; it wants all to join the party in the world's fastest-growing economy.
The fiscal deficit for FY23 has been projected at 6.4 per cent of GDP - a consolidation - but in absolute terms, the deficit is higher than FY22.
While retail inflation is for the moment within the Reserve Bank of India's target Range, the risk of a burst of inflation cannot be ignored
The Finance Minister hit the right chord by presenting a Budget that focuses on growth for tomorrow's India
The country's exports rose by 23.69 per cent to 34.06 billion in January on healthy performance by engineering, petroleum and gems and jewellery segments
The FM has announced that digital rupee - using blockchain technology - will be introduced by RBI in 2022-23