The Economic TimesApr 29, 2022Highest capex allotment in Budget 2022 will fast-track MSME sector developmentAs India emerges from the shadow of the COVID-19 pandemic with a retreating third wave, the finance minister’s economic recovery strategy presented in Budget 2022 hinges on a steep increase in government expenditure which in time will spur private investments that have so far remained stalled. The big focus appears to be on capital spending, which seems more or less along the lines of the previous year’s budget minus the loud push for reform.The pandemic has stunted the growth of the economy because capital expenditure in the country, specially by the private sector, had been limited as most were either too cautious about overspending or were conserving funds for contingencies and crisis management.Read more at The Economic Times
As India emerges from the shadow of the COVID-19 pandemic with a retreating third wave, the finance minister’s economic recovery strategy presented in Budget 2022 hinges on a steep increase in government expenditure which in time will spur private investments that have so far remained stalled. The big focus appears to be on capital spending, which seems more or less along the lines of the previous year’s budget minus the loud push for reform.The pandemic has stunted the growth of the economy because capital expenditure in the country, specially by the private sector, had been limited as most were either too cautious about overspending or were conserving funds for contingencies and crisis management.Read more at The Economic Times
