Union Budget 2022-23 is a direction setting budget: Commerce and Industry Minister

Union Minister for Commerce and Industry, Textiles and Consumer Affairs, Food and Public Distribution, Piyush Goyal has praised the Union Budget 2022-23 and said that it is a direction-setting budget that has addressed both macro-economic and micro-economic concerns.

He is of the view that the budget will ensure inclusive development. He spoke to people in a public function and explained the nitty-gritty of the budgetary announcements.

Goyal said, “The Budget should be seen as an exercise in continuity to make India future-ready. The Government has been pro-actively announcing new projects and schemes through the year, and Union Budget has attempted to show the way ahead for the next 25 years. The budget has laid a big thrust on infrastructure development and highlighted the importance of the PM Gati Shakti National Plan.”

“The plan will leverage data and inter-connected national maps to better align infrastructure projects. India did not let down a single international obligation, thanks to Digital India and thrust given on expansion of broadband connectivity. Despite the pandemic, India’s services export remained robust and would achieve $240 bn target,” Goyal said.

Goyal is of the view that India produces second-highest number of STEM (Science, Technology, Engineering, Mathematics) graduates and “this should encourage us to become not only the Start-up Capital but also the R&D and innovation hub.”