Privatisation, growth should remain Budget focus, says EAC-PM

The Economic Advisory Council to the Prime Minister (EAC-PM) on Thursday sought to suggest that the next Budget should devote increased revenues generated from higher growth towards capital expenditure and human development since Covid had led to a human capital deficit.

It also said the clear road map of privatisation and growth orientation of FY22 Budget should be maintained in FY23 as well.

In a statement issued after a meeting of the Council, the members hoped that the Indian economy is likely to grow by 7-7.5 per cent in the next fiscal year while contact-intensive sectors and construction should recover in 2022-23.

It,