Budget 2022: Growth vaccine for revival, says Centrum Group's Jaspal Bindra

The Budget maintained a fine balance between boosting job creation, supporting start-ups, sunrise and core industries, MSMEs and rural development along with a thrust towards greater financial inclusion and digitisation. The infrastructure sector got a major boost with a better-than-expected hike in capital expenditure targets. Direct and indirect tax collections continue to be robust, justifying the unchanged tax rates. The fiscal deficit is reducing as a percentage, in line with the target, and the rupee value increase is welcome as it is entirely to meet the incremental capex spend.

Extension of ECLGS with additional allocation to the hardest pandemic-hit sectors is