Indirect Taxes: Union Budget 2022 is a transformative and progressive

The focus on India's startup ecosystem, the ease of doing business and green energy will shore up growth momentum and benefit multiple stakeholders.

The Economic Survey 2021-22 was a precursor to the Union Budget for 2022-23, as it signalled the green shoots in the post-vaccination phase of the economy. The Survey indicated the fiscal headroom that the government has in its hands to ramp up capital expenditure, which will boost growth. With tax buoyancy and fast-paced economic recovery on its side, the government was able to present a transformative and progressive Union Budget 2022-23.

The focus on India’s startup ecosystem, the ease of doing business and green energy indicates the government’s progressive outlook, which will benefit multiple stakeholders of the economy. This Budget