Transformational and Green Budget

THE UNION BUDGET 2023-24 is a transformative budget and it sets a clear direction for the economy for the foreseeable future.

- Shrinivas V. Dempo

The most striking feature of the budget is its unambiguous bias for green and tech-driven growth. While the budget is big on investment in infrastructure and industry, it shows strong commitment to cleaning up and digitalising the economy.

The Finance Minister Nirmala Sitharaman listed the government’s green priorities in her budget speech and she has backed up the intent with some specific allocations. She reiterated the government’s commitment to reducing carbon intensity of the economy and creating job opportunities through large-scale investments in green projects. It would involve a huge effort to achieve meaningful greening of energy, mobility, construction and farming itself. When the conventional economy is growing without creating proportionate new jobs, it is not surprising that the government is betting on a reinvention of the economy to do the job.

Green Initiatives