A Budget that lays the foundation for the next 25 years

Over the last few mon­ths, buoyant tax collec­t­ions, improved corporate earnings, and a surge in fund-raising have been str­ong signals that the Indian economy is rebounding sharply from the pandemic blow. A major enabler of the recovery has been increased capital expenditure by the government, which is imparting confidence to the private investors as well.

Budget 2022 takes this thrust on public capex to another level — with a bold 35 per cent increase in the provision for capital expenditure; this is on top of an already enhanced capex spending in the last year. It is accompanied by a generous