Union Budget 2022 Economy Highlights

Key Points: Economy

1. The CAPEX target has increased by 35.4%, From Rs 5.54 lakh crore to Rs 7.50 lakh crore. CAPEX is expected to be Rs 10.7 lakh crore in FY23.

Key Points: Economy

2. India's growth is highest among all major economies; we are now in a solid position to withstand challenges 3. The ECLGS coverage has been increased by Rs 50,000 to Rs 5 lakh crore.

Key Points: Economy

4. The goal is complementing macro-growth with micro-all-inclusive welfare, digital economy and fintech, tech-enabled development, energy transition and climate action.

Key Points: Economy

5. PM Gati Shakti, Inclusive Development, Productivity Enhancement, Sunrise Opportunities, Energy Transition, Climate Action, and Investment Financing are the budget's major priorities this year.

Key Points: Economy

6. The response to productivity-linked incentive programmes in 14 sectors has been overwhelmingly positive, with investment intentions totaling Rs 30 lakh crore.

Key Points: Economy

7. The recovery of the economy is helped by governmental investment and capital spending. This budget will give the economy a boost. 8. States will be allowed to run fiscal deficits of up to 4% of GDP in 2022-23.

Key Points: Expenditure and deficit

1. By 2025/26, a budget deficit of 4.5% of GDP is proposed. 2. In 2022/23, the budget deficit is expected to be 6.4% of GDP. 3. The budget deficit for 2021/22 has been revised to 6.9% of GDP.

Key Points: Expenditure and deficit

4. States can take out 50-year interest-free loans in addition to their standard borrowing. 5. For the fiscal year 2022/23, the scheme for financial support to states for capital expenditure outlay will be Rs 1 lakh crore.

Key Points: Expenditure and deficit

6. Life Insurance Corporation is planning a public offering. 7. The following financial year's disinvestment profits receipts are expected to be Rs 65,000, down from the current year's mobilisation of Rs 78,000.