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Union Budget 2022-23 PRESS INFORMATION BUREAU …

1 PRESS INFORMATION BUREAU GOVERNMENT OF INDIA ** HIGHLIGHTS OF THE Union Budget 2022-23 New Delhi, 1st February, 2022 The Union Budget seeks to complement macro-economic level growth with a focus on micro-economic level all inclusive welfare. The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman tabled the Union Budget 2022-23 in Parliament today. The key highlights of the Budget are as follows: PART A India s economic growth estimated at to be the highest among all large economies. 60 lakh new jobs to be created under the productivity linked incentive scheme in 14 sectors. PLI Schemes have the potential to create an additional production of Rs 30 lakh crore.

6 Public Capital Investment: Public investment to continue to pump-prime private investment and demand in 2022-23. Outlay for capital expenditure stepped up sharply by 35.4% to Rs. 7.50 lakh crore in 2022-23 from Rs. 5.54 lakh crore in the current year. Outlay in 2022-23 to be 2.9% of GDP. ‘Effective Capital Expenditure’ of Central Government estimated at Rs. 10.68 lakh

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