Govt has placed lot of emphasis on predictability and stability in Union Budget: Finance Minister Nirmala Sitharaman
Finance minister Nirmala Sitharaman has said that the government has placed a lot of emphasis on predictability and stability in the Union Budget 2022. Explaining the move behind increasing capital expenditure by 35.4 percent to 7.50 lakh crore rupees for the financial year 2022-23, Ms Sitharaman said she wants the momentum of the economy’s revival to continue. In an interview to a TV channel, Finance Minister said, elections come and go but the economy required strong support as it is showing positive signs of revival. She said, there was no doubt in Prime Minister Narendra Modi’s mind that the Budget would be growth-oriented. Ms Sitharaman said, in spite of all naysayers, foreign direct investment is still coming into this country and companies are now happy to be partnering with a lot of FDIs. She said, investment in infrastructure will set off a virtuous cycle, and trigger a multiplier effect.