Union Budget 2022: All you need to know

As Union Finance Minister Nirmala Sitharaman is scheduled to present her fourth Union Budget for the next financial year tomorrow, all eyes would be on how the Centre balances out populist measures while walking the tightrope of fiscal consolidation. After getting the nod from the cabinet, Finance Minister Nirmala Sitharaman will present the Union Budget 2022-23 in a paperless form for the second time on February 1. Top picks include Polycab India, HG Infra Engineering, KNR Constructions, PNC Infratech, Larsen & Toubro, Thermax, KEI Industries, ABB India, Siemens India, Ramco Cements, UltraTech Cement, ACC, Ambuja, Bharat Dynamics, Bharat Electronics, NTPC, Container Corporation of India Renewable Energy/EV In line with the government’s focus on reducing emissions and dependence on fossil fuels, analysts expect a raft of support for infrastructure development for electric vehicles and green energy generation. Top picks include PI Industries, Dhanuka Agritech, Rallis, Godrej Agrovet, Hindustan Unilever, Britannia, Dabur and Nestle India Health Care/Pharma In continuation of its focus on bolstering health-care infrastructure, the government is expected to increase spending on companies to boost production, as well as tax relief for individuals buying health insurance, better access to medical care and a generous push for drug research. Top picks include Apollo Hospitals, Narayana Healthcare, Shalby Ltd., Gland Pharma, Krishna Institute of Medical Sciences, Healthcare Global Enterprise, Max Health, HDFC Life, SBI Life and most drug makers India sees economic growth slowing to 8-8.5% in FY23 Ahead of the annual budget on Tuesday, India has forecast its economy will grow 8% to 8.5% for the fiscal year starting in April, down from 9.2% projected in the current year, as it fights a spike in coronavirus cases and rising inflationary pressure.