Views on budget 2022:
Eventhough budget is not excellent, it is good in long term perspective.It is in fact a booster budget for economical growth.Big focus on infrastructural developement such as roads and railways.
I am sure above focus will definitely creat employment opportunities.
In defence sector the provision is not made only for purchases but around 65% funds are allocated for inhouse and domestic creation of defence equipments. This will also lead to employment growth.
This budget will also increase pvt sector competitiveness in overall terms.
This budget is very unique & different but impactful since over a period if time Govt has come to the conclusion that the budget is not the occasion to make big announcements and propose changes every year.
In my considered opinion, the way budget is discussed in India, it does not happen in other countries during their budget session. There is really no need to make the budget presentation a major event.
Hence even on TV Channels we will observe less discussion on what citizens got and more discussion on what Govt does and how they implement the budget.
Large investment in infrastructure will definitely boost the growth and give momentum to economy in long term.
No doubt this budget did not make any announcement on labour laws reformations and implementation of labour codes but it seems it’s there in their mind.
Let’s wait for few more announcements in coming days.
By Dayanand N. Mangaonkar