India Union Budget 2022-23_An Overview | A BDO India Publication
02 February 2022
With the country regaining its growth momentum, the Honourable Finance Minister Ms. Nirmala Sitharaman presented a pro-investment, pro-growth Budget in the Parliament, on 01 February 2022. Focused on pacing the recovery and providing an impetus for growth, Budget 2022 sought to lay the foundation and give a blueprint to steer the economy over the next 25 years.
The proposed Budgetary policies were structured around the following 4 priorities - PM Gati Shakti, Inclusive Development, Productivity Enhancement & Investment, Sunrise Opportunities, Energy Transition, and Climate Action and finally Financing of Investments following an aim to bring more investment, growth, and jobs to the country. The Budget is perceived as holistic, boding well towards the path to economic recovery and overall development.
Given the current economic pulse, the tabled Budget ushers hope with a touch of realism. It captures the vision to accelerate growth in key sectors such as health, education, infrastructure, transportation, defence, clean-tech and EV, and is expected to enhance ‘ease of doing business’.
The watch now remains for the implementation of the proposed reforms and necessary clarifications to set the amendments rolling.
Watch BDO India’s Partners decode the Union Budget 2022, in a 20-min Budget Special video #BudgetwithBDO
We are pleased to share BDO India’s analysis of the Budget 2022-23, in our proprietary Annual publication INDIA UNION BUDGET 2022-23, An Overview.