FM Nirmala Sitharaman while presenting the Budget, she announced that India’s economic growth is estimated to be at 9.27%. The FM also informed that the Life Insurance Corporation of India (LIC) IPO is in the works and will go public soon, and more divestments are to take place in 2022-33 after Air India.
Key points from FMs presentation
Speed in coverage of vaccination has helped in economic recovery.
Sharp rebound in economy reflected in 2021-22, growth expected at 9.2%.
Big private investment in infrastructure would be guided by Gati Shakti Mission.
Inclusive development, productivity enhancement, energy transition and climate action the 4 pillars of development.
National Highways will be extended by 25,000 km during 2022-23.
One product one railway station will be popularised, 400 new Vande Bharat trains to be introduced.
Govt focus since 2014 on poor and marginalised; govt strives to provide necessary ecosystem to middle class.
Desh stack e-portal to be launched to promote digital infra.
Railways will develop new products for small farmers and MSMEs.
Contracts for multi-modal parks at 4 locations to be awarded next fiscal.
