
Budget 2022: A Snapshot
Finance minister has gone for a sharp rise in capital expenditure to get the economy going while cutting down on subsidies and some social sector schemes.
Finance minister has gone for a sharp rise in capital expenditure to get the economy going while cutting down on subsidies and some social sector schemes.
Government's bet on infrastructure is pepping up capital goods, construction, cement, metals and banking stocks.
Infra sectors received the largest share of the ₹7.5 lakh crore pie with an expectation that the capex will create the desired multiplier effect on the economy.
Going into the budget making for 2022-23, the quality of expenditure was one of the major concerns, says revenue secretary Tarun Bajaj.
Most chief executives from the Indian corporate sector called the Union Budget 2022 a bold one, especially for continuing reforms.
This is 35.4% higher than the ₹5.54 lakh crore allocated to capital expenditure last year.
Along with exports, Ahya believes that the government should continue to focus on capital expenditure and infrastructure.
Sinha believes the budget will focus on three priorities – public health delivery, support to vulnerable populations, and public investment.
Garg points out that sectors like power need the right policy intervention as the discoms are in a completely debilitated state.
The Fortune 500 companies reported their best ever net profit of ₹6.22 lakh crore in FY21, a remarkable 75% higher than FY20 when cumulative profit had fallen 22% to just ₹3.6 lakh crore.