Authors :
Manukrishnan; M. Phil Scholar
Volume/Issue :
Volume 8 - 2023, Issue 4 - April
Google Scholar :
https://bit.ly/3TmGbDi
Scribd :
https://bit.ly/40o7tLH
DOI :
https://doi.org/10.5281/zenodo.7827698
Abstract :
The Union Budget of India for the fiscal year
2022-23 has been the subject of much anticipation and
discussion, given the unprecedented challenges posed by
the ongoing COVID-19 pandemic. This paper provides
an in-depth analysis of the key proposals of the budget
and their implications for the Indian economy. The
paper begins by outlining the priorities of the
government, which include strengthening the healthcare
system, investing in infrastructure development, and
promoting digital transformation. It then examines the
various fiscal policy measures announced in the budget,
such as changes in tax rates, expenditure allocations, and
borrowing. It evaluates their potential impact on
economic growth, inflation, and fiscal deficit.
This paper assesses the challenges and
opportunities the budget presents, particularly in the
context of the ongoing pandemic and the global economic
environment. It identifies the potential implications of
the budget for different sectors of the economy,
including agriculture, manufacturing, and services, and
evaluates the implications for businesses, consumers, and
investors. Overall, the paper provides a detailed and
nuanced analysis of the Union Budget 2022-23,
highlighting its strengths and weaknesses and identifying
the implications for the Indian economy in the years
ahead.
Keywords :
Covid 19 – Union Budget 2022 - Fiscal Deficit - Fiscal Consolidation.
The Union Budget of India for the fiscal year
2022-23 has been the subject of much anticipation and
discussion, given the unprecedented challenges posed by
the ongoing COVID-19 pandemic. This paper provides
an in-depth analysis of the key proposals of the budget
and their implications for the Indian economy. The
paper begins by outlining the priorities of the
government, which include strengthening the healthcare
system, investing in infrastructure development, and
promoting digital transformation. It then examines the
various fiscal policy measures announced in the budget,
such as changes in tax rates, expenditure allocations, and
borrowing. It evaluates their potential impact on
economic growth, inflation, and fiscal deficit.
This paper assesses the challenges and
opportunities the budget presents, particularly in the
context of the ongoing pandemic and the global economic
environment. It identifies the potential implications of
the budget for different sectors of the economy,
including agriculture, manufacturing, and services, and
evaluates the implications for businesses, consumers, and
investors. Overall, the paper provides a detailed and
nuanced analysis of the Union Budget 2022-23,
highlighting its strengths and weaknesses and identifying
the implications for the Indian economy in the years
ahead.
Keywords :
Covid 19 – Union Budget 2022 - Fiscal Deficit - Fiscal Consolidation.
