Budget 2022: A Booster Dose For Economic Growth With A 25-Year Outlook

Full credit needs to go to the government in delivering Budget 2022 that is not only forwardlooking but also takes into account the changing scenario in the country.

- Sanjeev Puri

With push towards infrastructure and a digital economy, Budget 2022 appears to be a well-balanced growth-oriented budget to promote overall economic activity in the country. With several proposals around capital expenditure, job creation and more, Budget 2022 is bringing the focus back on infrastructure, affordable housing, development of MSMEs, and the farm economy. In addition, the budget has several proposals for the growth of the start-up ecosystem.

This has been a single-minded growth-focused budget and probably inflationary too. It got a big thumbs up from the equity markets as key indices ended up by almost 1-1.5%. Bond markets had reasons to be upset. 10-year G-Sec yield rose 0.15% to 6.83%. 2-year and 3-year G-Sec yields rose the sharpest by 0.43% and 0.47% respectively. The rupee fell marginally against the US dollar to 74.8 levels.