Mr. Sidharth Agrawal, Managing Director, Systematic Group, says, “The expenditure of INR 39.45 lakh crore, particularly capital expenditure of INR 7.05 lakh crore, will propel the economy towards a high growth rate”.
This is a growth-oriented Budget, I am sure that stepping up the capital expenditure sharply by 35.4 percent will have an incremental effect on the overall growth of the economy.
It is good that the policymakers understand that nearly half of our population is likely to be living in urban areas by 2047 when India is at 100.
The announcement for an urban capacity building like mass transit, planning help, etc. would act as a good principle for the development of the country.
The Union Budget has demonstrated a good balance between today’s needs and the future’s demand. At a macro level, it is a very bold Budget.
The expenditure of INR 39.45 lakh crore, particularly capital expenditure of INR 7.05 lakh crore, will propel the economy towards a high growth rate, which is the need of the nation.
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The containment of the fiscal deficit of the Budget of last year to 6.9 percent is a remarkable feat in light of the COVID pandemic and also revenue buoyancy. For power specific I would like to comment and share the data as stated below:
