India’s growth estimated to be at 9.2%

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FM Nirmala Sitharaman begins the presentation of Budget-2022 by expressing empathy with those who had to bear adverse health and economic affects due to the Pandemic.

India’s growth is estimated to be at 9.27 %. We are in a strong position to withstand challenges due to higher vaccinations, said FM Nirmala Sitharaman.

The budget seeks to lay the blueprint to steer the economy over the next 25 years from India at 75 to India at 100

Railways:

Railways will develop efficient logistics for small farmers & enterprises. ‘One station, one product’ to help the supply chain of local products, informs FM.

PM Gati Shakti :

PM Gati Shakti will pull forward the economy and will lead to more jobs and opportunities for the youth, said Nirmala Sitharaman

PM Gati Shakti will encompass the 7 engines for multi-modal connectivity for the states with speedier implementation of development projects through technology to facilitate faster movement of people & goods through Rs 20,000 crore financed by the govt to speed up this project.

National Highway:

The National Highway network will be expanded by 25,000 kms in 2022-23 .

Metro projects:

The Government will encourage innovative ways of financing and faster implementation for the building of metro projects. FM further said multimodal connectivity between mass transport and railway stations will be facilitated on priority. The design of metro systems including civil structures will be reoriented and standardized for Indian conditions and needs. The aim is to improve connectivity and convenience for commuters and promote tourism.

Agriculture:

Natural farming will be promoted along Ganga corridor, announces FM Nirmala Sitharaman

FM informs that Procurement of wheat in Rabi season 2021-22 and the estimated procurement of paddy in Kharif season 2021-22 will cover 1,208 lakh metric tonnes of wheat & paddy from 163 lakh farmers and Rs 2.37 lakh crores will be the direct payment of MSP value to their accounts. A fund raised under the co-investment model will be facilitated through NABARD to finance startups for agriculture and rural enterprise relevant for the farm produce value chain.