Union Budget 2022 analysis by Business Climate

Total Expenditure: The government is estimated to spend Rs 39,44,909 crore during 2022-23. This is an increase of 4.6% over the revised estimate of 2021-22.

Growth-oriented and pro-development, India’s Union Budget 2022-23 seeks to lay down the foundation of the economy for the next 25 years. Despite repeated waves of the COVID-19 infection, supply-chain disruptions and inflation, the Indian economy is expected to register a growth rate of 9.27 per cent in the current financial year, implying that the overall economic activity has recovered from the pre-pandemic levels.