Budget 2022 : The focus of the Union Budget is on providing basic amenities to the poor, middle class and youth, Prime Minister Narendra Modi said on Wednesday, and asserted that it is imperative that India becomes self-reliant. Addressing BJP workers at ‘Aatmanirbhar Arthvyavastha’ event, Modi termed Budget 2022 as a step towards a modern and self-reliant India. Modi further said the Budget proposes to make a four-fold increase in public investments as compared to those in the UPA regime and that the measure will open up immense opportunities. Earlier on Tuesday, the Prime Minister had hailed the Union Budget as “people-friendly” and “progressive”.
Speaking at a press conference after presenting the Union Budget on Tuesday, Finance Minister Nirmala Sitharaman said a conscious decision was taken not to increase taxes because of the hardship that people have been facing due to the pandemic. Sitharaman, while presenting the Union Budget, said that the country is expected to grow at 9.27 per cent in the coming year. With a focus on four pillars of development — inclusive development, productivity enhancement, energy transition and climate action — the Budget gives a blueprint of economy from India at 75 to India at 100, Sitharaman said.