Former President Pranab Mukherjee, who had been India’s finance minister as well, once famously described the Budget as a “political document”. The Narendra Modi government converted it into a business document. No big bang announcements, no populist measures ahead of Uttar Pradesh election– the
Union Budget 2022 came as a statement of policy continuity, which is reassuring to business. The record 35% rise in capital expenditure is set to create growth multipliers.
The policies are well known. The government is focused to create long term growth momentum. A complete overhaul of the physical and digital infrastructure will improve the core competence of the economy as an investment destination. Continued attention on social sectors will make this growth sustainable, equitable and transformational….
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