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Budget 2022 may raise spending on infrastructure to boost economy Asia's third-largest economy is estimated to expand 9.2% in the fiscal year that ends in March, following a contraction of 7.3% in the previous fiscal year
Union Budget 2022: India plans to raise spending on infrastructure in its annual budget next week to set the economy on a firmer footing, but fiscal constraints leave little chance of concessions for households hurting from the pandemic, officials said. Asia's third biggest economy is assessed to grow 9.2% in the monetary year that closures in March, following a withdrawal of 7.3% in the past financial year. However private utilization, which makes up almost 55% of GDP, is beneath pre-pandemic levels in the midst of rising degrees of...read more