Business Standard

Budget 2022 may be work of restoration, but challenges for FM no less steep

Touch services like hospitality, leisure, tourism in desperate need of support

Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman

Arup Roychoudhury New Delhi
If the last Budget was about reviving India’s economy after the contraction of 2020-21, the upcoming one in 2022-23 is all about restoring its health to pre-pandemic levels. And, the challenges facing finance minister Nirmala Sitharaman are no less steep.

Recovery has taken place in 2021-22 (FY22). The first advance estimates for FY22 project real GDP growth at 9.2 per cent compared with a contraction of 7.3 per cent in FY21. Corporate results have been strong and the Centre’s revenue from direct and indirect taxes will easily exceed the budgeted targets.

The formal economy has broadly bounced back from the two

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 31 2022 | 6:10 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to