There are only a few days left in the budget for the next financial year (Budget 2022). Every sector of the economy has high expectations from the budget. Experts believe that like last year, this time also Finance Minister Nirmala Sitharaman will present a balanced budget. In this, along with measures to increase the growth of the economy, there will be measures to give relief to the common man. Lav Chaturvedi, executive director and CEO of brokerage firm Reliance Securities, believes that this time certain sectors will benefit the most from the budget.
Chaturvedi said that this time the budget is very important for the economy, stock market and common people. The reason for this is that all three are facing difficult situations. The economy is trying to get back on the fast growth track. The stock market is finding its right level in the midst of ups and downs. The common man is suffering from the epidemic of Corona that is not ending.
In this challenging situation, this budget will be very important for the health infrastructure sector. Chaturvedi said that for the last two years, we have come to know the importance of health infrastructure in the midst of the corona epidemic. Any epidemic including corona can be dealt with only by strengthening the public health infrastructure.
The CEO of Reliance Securities said that the government had allocated more than Rs 64,000 crore for the Health and Family Welfare Ministry in the budget presented last year. An amount of Rs 35,000 crore was allocated to improve vaccination and healthcare infrastructure. He said that this time also the government will keep health infrastructure in its priority. The Finance Minister can allocate more funds for the health sector in the budget on February 1.
In the budget, the government’s focus may be on reducing carbon emissions. Prime Minister Narendra Modi announced in Glasgow that carbon emissions in India will come down to zero by 2070. For this, the government is focusing on electrification and green energy for the last 2-3 years. Chaturvedi said that big announcements can be made in the budget to promote green energy. This will greatly benefit the companies associated with green energy.
The Finance Minister’s emphasis is also expected to be on Capital Goods and Engineering. To accelerate the growth of the economy, there is a need to increase capital investment. For this, the government is already focusing on schemes like production-linked incentives. There is a strong emphasis on National Infrastructure Pipeline (NIP) and Make-in-India to increase capital expenditure. The Finance Minister can make some big announcements to increase the capital expenditure in the budget.
Finance Minister Nirmala Sitharaman can announce measures to promote Electric Vehicle (EV) in the budget. The coming time is of electric vehicle. The government can take steps to strengthen its value chain. These will include things like EV batteries, EV chargers. Various incentives are being given to people to buy EVs in advance.
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