{"id":6742,"date":"2022-02-03T18:02:15","date_gmt":"2022-02-03T12:32:15","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=6742"},"modified":"2022-09-08T18:29:45","modified_gmt":"2022-09-08T12:59:45","slug":"sectors-in-focus-budget","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/sectors-in-focus-budget\/","title":{"rendered":"Sectors In Focus &#8211; Union Budget 2022"},"content":{"rendered":"\n<p>Finance Minister Nirmala Sitharaman presented the <a href=\"https:\/\/www.tickertape.in\/blog\/budget-2022-stock-picks-by-axis-securities\/?utm_source=blog&amp;utm_medium=article\">Budget 2022<\/a> on 1 February. In the face of persistent global headwinds and economic uncertainty, she prioritised growth above fiscal reduction for the second year in a row. Which she intends to achieve by dramatically increasing capital and infrastructure investment in the Union Budget for the fiscal year beginning 1 April.<\/p>\n\n\n\n<p>To boost economic ambitions, Sitharaman advocated raising the amount of the economy&#8217;s yearly spending to Rs. 39.5 tn.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tickertape.in\/blog\/sectors-in-focus-budget\/#Highlights\" title=\"Highlights\">Highlights<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tickertape.in\/blog\/sectors-in-focus-budget\/#Defence\" title=\"Defence\">Defence<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tickertape.in\/blog\/sectors-in-focus-budget\/#Infrastructure-and-Telecom\" title=\"Infrastructure and Telecom\">Infrastructure and Telecom<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tickertape.in\/blog\/sectors-in-focus-budget\/#Agriculture\" title=\"Agriculture\">Agriculture<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tickertape.in\/blog\/sectors-in-focus-budget\/#Transport\" title=\"Transport\">Transport<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Highlights\"><\/span><strong>Highlights<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Venture capital and private <a href=\"https:\/\/www.tickertape.in\/blog\/what-is-equity\/?utm_source=blog&amp;utm_medium=article\">equity<\/a> investment last year helped in facilitating one of the largest start up growth systems.<\/li><li>Government backed funds and funds of funds have helped as a multiplier.<\/li><li>The outlay for capital expenditure in the union budget is once again being stepped up sharply by 35.4% from Rs. 5.54 lakh cr. in the current year, to Rs. 7.50 lakh cr. in 2022-2023<\/li><li>This outlay in 2022-2023 will be 2.9% of the GDP.<\/li><li>As a part of the government&#8217;s overall market borrowings in 2022-2023, Sovereign Green bonds will be issued for mobilising resources for green infrastructure.<\/li><li>The proceeds will be deployed in public sector projects which help in reducing the carbon intensity of the economy.<\/li><li>The central government will support the states in enhancing their capital investment towards creating productive assets and generating remunerative employment.&nbsp;<\/li><li>For 2022-2023, the allocation is Rs. 1 lakh cr. to assist the states in catalysing the overall investments in the economy.<\/li><li>Total expenditure in FY 2023 is estimated at Rs. 39.45 tn., total resources mobilisation will be at Rs. 22.84 tn. other than borrowings.<\/li><\/ul>\n\n\n\n<p>Let us now look at some <a href=\"https:\/\/www.tickertape.in\/blog\/mainpoints-sectorwise-union-budget\/?utm_source=blog&amp;utm_medium=article\">sector-specific announcements<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Defence\"><\/span><strong>Defence<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>The government is committed to lowering defence imports and boosting AtmaNirbharta in military equipment.<\/li><li>The Ministry of Defence has been given a budget of Rs. 5.25 lakh cr., which is 13.31% of the entire budget.<\/li><li>This includes a sum of Rs. 1.19 lakh cr. for military pensions.&nbsp;<\/li><li>The entire Defence Budget reflects a 9.82% increase above the Budget Estimates 2021-2022.<\/li><li>The Government has placed modernization and infrastructure development of the Armed Forces at the centre stage of the National Security and Defence Planning process.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Infrastructure-and-Telecom\"><\/span><strong>Infrastructure and Telecom<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>The PM Gati Shakti National Master Plan was announced with the goal of improving logistical linkages.<\/li><li>Rs. 480 bn. set aside for affordable housing in 2022-2023.<\/li><li>5G spectrum auctions to be conducted in 2022.<\/li><li>Scheme for design-led manufacturing for 5G will be part of the production-linked scheme.<\/li><li>To award contracts to lay optical fibre in rural areas, completion in 2025.<\/li><li>Allocated additional Rs. 195 billion rupees for production-linked incentives towards solar equipment manufacturing.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Agriculture\"><\/span><strong>Agriculture<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Fund with blended capital raised under co-investment model to finance agriculture startups.<\/li><li>Railways to develop infrastructure for small farmers in 2022-2023.<\/li><li>The government will push chemical-free farming as well as the usage of &#8216;Kisan Drones&#8217; for crop evaluation.&nbsp;<\/li><li>The National Bank for Agriculture and Rural Development (NABARD) will finance agricultural and rural enterprise start-ups, which will include inter-area assistance for farmer-producer organisations, farm-level machinery for rent, and technology with an invitee base.<\/li><li>A suggestion on methods to promote chemical-free natural farming, as well as upgrading agricultural university curriculum to fit the needs of natural, organic farming, and modern-day agriculture, has been prepared.&nbsp;<\/li><li>A proposal to develop a streamlined and comprehensive strategy to boost local production of oilseeds and minimise reliance on imports has been proposed.&nbsp;<\/li><li>In terms of taxes, a statement is also made regarding the revision of concessional customs duty rates on capital items.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Transport\"><\/span><strong>Transport<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>400 energy efficient trains to be manufactured over the next three years.<\/li><li>National highways network to be expanded by 25,000 km in 2022-2023.<\/li><li>Highway expansion to cost Rs. 200 bn. in 2022-2023.<\/li><li>A plan for expressways will be developed to allow for speedier mobility of people and products.<\/li><li>Railways will provide new goods and logistical services for small farmers as well as small and medium-sized businesses.<\/li><\/ul>\n\n\n\n<p>What are your thought on <a href=\"https:\/\/www.tickertape.in\/blog\/budget-2022-the-language-of-new-india\/?utm_source=blog&amp;utm_medium=article\">Union Budget 2022<\/a>? Let us know in the comment section below.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nirmala Sitharaman presented the Budget 2022 that asks for more spending to boost development in Asia&#8217;s third-largest economy. Read on.<\/p>\n","protected":false},"author":54,"featured_media":6744,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[1744],"tags":[1265,1238,1264,16],"acf":[],"modified_by":"Aradhana Gotur","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2022\/02\/3-feb-Blog-Banner-02-1.jpg?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/6742"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/54"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=6742"}],"version-history":[{"count":2,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/6742\/revisions"}],"predecessor-version":[{"id":10087,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/6742\/revisions\/10087"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/6744"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=6742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=6742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=6742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}