BUDGET 2022 - 23
Economy Survey (2022) Highlights
- India sees a 8-8.5% GDP growth in FY23. Projected 2021-22 real GDP growth at 9.2%
- Increased capital formation in the economy lifting the Investment to GDP ratio to 29.6% in 2021-22 (highest in 7 years)
- During current Pandemic, emphasis more on supply-side reforms rather than a total reliance on demand management
- Important to look at India’s macro-economic stability indicators & their ability to provide a buffer against Economic crisis
| SECTOR | ANNOUNCEMENT | IMPACT |
| Banks | Rise in Capex (up 35% in FY23 to Rs. 7.5 Lakh Crs) to boost growth | POSITIVE |
| Auto | To come up with Battery Swapping Policy to give impetus to Electric Vehicle Industry | POSITIVE |
| Telecom | 5G Spectrum auctions to be conducted in 2022. Scheme for design-led manufacturing for 5G will be a part of PLI (Production Linked Incentive) | NEUTRAL (as Capex will have to be made by companies this year) |
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