Budget 2022: 6 challenges govt needs to address this year
2 years, 10 months ago

Budget 2022: 6 challenges govt needs to address this year

India Today  

The government is all set to present the Union Budget 2022 at a time when the country's economy is striving to recover after being hit hard by the Covid-19 pandemic. In Budget 2022, the Government should first focus on increasing investment in infrastructure, followed by enhancing job creation through higher incentivized expansion of manufacturing capabilities, an ASSOCHAM survey has noted. However, in a positive, Asia's third largest economy is estimated to grow 9.2 per cent in the current fiscal year ending in March, following a contraction of 7.3 per cent in the previous financial year. FISCAL DEFICIT India's fiscal deficit shot up to a record 9.3 per cent as the Modi government spent on fertiliser and food subsidies in providing free food for its 800 million poor during the pandemic.

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