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Key Features of Budget 2022-23 - Indian Economy for UPSC CSE

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 Page 1


RECEIPT BUDGET
2022-2023
MINISTRY OF FINANCE
BUDGET DIVISION
ºÉiªÉàÉä´É VɪÉiÉä
Key Features 
of
Budget
2022-2023
February, 2022
GOVERNMENT OF INDIA
Page 2


RECEIPT BUDGET
2022-2023
MINISTRY OF FINANCE
BUDGET DIVISION
ºÉiªÉàÉä´É VɪÉiÉä
Key Features 
of
Budget
2022-2023
February, 2022
GOVERNMENT OF INDIA
Key features 
1 
2 
3 
GOALS OF AMRIT KAAL 
Focus on growth and all inclusive welfare 
Promoting technology enabled development, energy 
transition and climate action 
Virtuous cycle starting from private investment, crowded 
in by public capital investment 
PM GatiShakti 
Inclusive 
Development 
Productivity 
Enhancement and 
Investment, Sunrise 
Opportunities, Energy 
Transition and 
Climate Action 
Financing of 
Investments 
FOUR  
PRIORITIES 
25
28
31
34
37
40
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2019-20 2020-21 2021-22
? Lakh Crore 
GDP GVA
1st Lockdown 
2nd Wave 
Recovery of the economy 
reflective of country’s 
resilience 
Page 3


RECEIPT BUDGET
2022-2023
MINISTRY OF FINANCE
BUDGET DIVISION
ºÉiªÉàÉä´É VɪÉiÉä
Key Features 
of
Budget
2022-2023
February, 2022
GOVERNMENT OF INDIA
Key features 
1 
2 
3 
GOALS OF AMRIT KAAL 
Focus on growth and all inclusive welfare 
Promoting technology enabled development, energy 
transition and climate action 
Virtuous cycle starting from private investment, crowded 
in by public capital investment 
PM GatiShakti 
Inclusive 
Development 
Productivity 
Enhancement and 
Investment, Sunrise 
Opportunities, Energy 
Transition and 
Climate Action 
Financing of 
Investments 
FOUR  
PRIORITIES 
25
28
31
34
37
40
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2019-20 2020-21 2021-22
? Lakh Crore 
GDP GVA
1st Lockdown 
2nd Wave 
Recovery of the economy 
reflective of country’s 
resilience 
Indian Economy staging a sustained recovery 
-10.00
-5.00
0.00
5.00
10.00
15.00
20.00
Jan-18
Apr-18
Jul-18
Oct-18
Jan-19
Apr-19
Jul-19
Oct-19
Jan-20
Apr-20
Jul-20
Oct-20
Jan-21
Apr-21
Jul-21
Oct-21
CPI-C and WPI Inflation (%) 
CPI WPI Gap
WPI
CPI
Net addition in EPF 
Subscribers (in lakhs) 
93.0 
69.8 
0
10
20
30
40
50
60
70
80
90
100
Jan, 21
Feb
March
April
May
June
July
August
Sept
Octo
Nov
Dec, 21
Jan-22
COVID-19 Vaccine Coverage (in %) 
% of adult
population with
First dose
% of adult
population with
Second dose
Page 4


RECEIPT BUDGET
2022-2023
MINISTRY OF FINANCE
BUDGET DIVISION
ºÉiªÉàÉä´É VɪÉiÉä
Key Features 
of
Budget
2022-2023
February, 2022
GOVERNMENT OF INDIA
Key features 
1 
2 
3 
GOALS OF AMRIT KAAL 
Focus on growth and all inclusive welfare 
Promoting technology enabled development, energy 
transition and climate action 
Virtuous cycle starting from private investment, crowded 
in by public capital investment 
PM GatiShakti 
Inclusive 
Development 
Productivity 
Enhancement and 
Investment, Sunrise 
Opportunities, Energy 
Transition and 
Climate Action 
Financing of 
Investments 
FOUR  
PRIORITIES 
25
28
31
34
37
40
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2019-20 2020-21 2021-22
? Lakh Crore 
GDP GVA
1st Lockdown 
2nd Wave 
Recovery of the economy 
reflective of country’s 
resilience 
Indian Economy staging a sustained recovery 
-10.00
-5.00
0.00
5.00
10.00
15.00
20.00
Jan-18
Apr-18
Jul-18
Oct-18
Jan-19
Apr-19
Jul-19
Oct-19
Jan-20
Apr-20
Jul-20
Oct-20
Jan-21
Apr-21
Jul-21
Oct-21
CPI-C and WPI Inflation (%) 
CPI WPI Gap
WPI
CPI
Net addition in EPF 
Subscribers (in lakhs) 
93.0 
69.8 
0
10
20
30
40
50
60
70
80
90
100
Jan, 21
Feb
March
April
May
June
July
August
Sept
Octo
Nov
Dec, 21
Jan-22
COVID-19 Vaccine Coverage (in %) 
% of adult
population with
First dose
% of adult
population with
Second dose
• Driven by seven engines: Roads, Railways, 
Airports, Ports, Mass Transport, Waterways, 
and Logistics Infrastructure. 
• National Master Plan aimed at world class 
modern infrastructure and logistics synergy    
Formulation of Master Plan for expressways. 
Completing 25000 km national highways in 
2022-23 
• Unified Logistics Interface Platform allowing 
data exchange among all mode operators 
• Open Source Mobility Stack for seamless travel 
of passengers 
• 4 Multimodal Logistics parks through PPP to be 
awarded in 2022-23 
• Multimodal connectivity between mass urban 
transport and railway stations 
• National Ropeways Development Plan as 
sustainable alternative to conventional roads. 
• Capacity building for infrastructure Projects 
• Integration of Postal and Railways Network 
facilitating parcel movement. 
• One Station One Product 
• Extending coverage under Kavach 
• 400 new generation Vande Bharat Trains 
PM GatiShakti 
Page 5


RECEIPT BUDGET
2022-2023
MINISTRY OF FINANCE
BUDGET DIVISION
ºÉiªÉàÉä´É VɪÉiÉä
Key Features 
of
Budget
2022-2023
February, 2022
GOVERNMENT OF INDIA
Key features 
1 
2 
3 
GOALS OF AMRIT KAAL 
Focus on growth and all inclusive welfare 
Promoting technology enabled development, energy 
transition and climate action 
Virtuous cycle starting from private investment, crowded 
in by public capital investment 
PM GatiShakti 
Inclusive 
Development 
Productivity 
Enhancement and 
Investment, Sunrise 
Opportunities, Energy 
Transition and 
Climate Action 
Financing of 
Investments 
FOUR  
PRIORITIES 
25
28
31
34
37
40
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2019-20 2020-21 2021-22
? Lakh Crore 
GDP GVA
1st Lockdown 
2nd Wave 
Recovery of the economy 
reflective of country’s 
resilience 
Indian Economy staging a sustained recovery 
-10.00
-5.00
0.00
5.00
10.00
15.00
20.00
Jan-18
Apr-18
Jul-18
Oct-18
Jan-19
Apr-19
Jul-19
Oct-19
Jan-20
Apr-20
Jul-20
Oct-20
Jan-21
Apr-21
Jul-21
Oct-21
CPI-C and WPI Inflation (%) 
CPI WPI Gap
WPI
CPI
Net addition in EPF 
Subscribers (in lakhs) 
93.0 
69.8 
0
10
20
30
40
50
60
70
80
90
100
Jan, 21
Feb
March
April
May
June
July
August
Sept
Octo
Nov
Dec, 21
Jan-22
COVID-19 Vaccine Coverage (in %) 
% of adult
population with
First dose
% of adult
population with
Second dose
• Driven by seven engines: Roads, Railways, 
Airports, Ports, Mass Transport, Waterways, 
and Logistics Infrastructure. 
• National Master Plan aimed at world class 
modern infrastructure and logistics synergy    
Formulation of Master Plan for expressways. 
Completing 25000 km national highways in 
2022-23 
• Unified Logistics Interface Platform allowing 
data exchange among all mode operators 
• Open Source Mobility Stack for seamless travel 
of passengers 
• 4 Multimodal Logistics parks through PPP to be 
awarded in 2022-23 
• Multimodal connectivity between mass urban 
transport and railway stations 
• National Ropeways Development Plan as 
sustainable alternative to conventional roads. 
• Capacity building for infrastructure Projects 
• Integration of Postal and Railways Network 
facilitating parcel movement. 
• One Station One Product 
• Extending coverage under Kavach 
• 400 new generation Vande Bharat Trains 
PM GatiShakti 
• Promoting chemical free 
natural farming starting with 
farmers’ lands close to river 
Ganga 
• Promoting post harvest 
value addition, consumption 
and branding of millet 
products 
 
• Delivery of Digital and 
Hi-Tech services to 
farmers in PPP mode. 
• Use of Kisan Drones to 
aid farmers. 
• Launching fund with 
blended capital to finance 
agriculture start ups 
 
 
• Implementation of Ken Betwa Link Project benefitting 9.1 
lakh hectare farm land, providing drinking water to 62 lakh 
people and generating 130MW power. 
• 5 more such projects under process of implementation. 
Agriculture and food processing 
0
100
200
300
400
500
600
700
Rice Wheat
Lakh tons 
2018-19 2019-20
2020-21 2021-22 (Upto 31.12.2021)
Enhanced procurement to  
support higher distribution  
during pandemic 
200
220
240
260
280
300
2014-15
2015-16
2016-17
2017-18
2018-19
2019-20
2020-21 (4th AE)
Record Foodgrains Production (in 
million tons)  
6.8 
6.6 
2.6 
4.3 
3.6 
3.9 
2016-17 2017-18 2018-19 2019-20 2020-21 2021-22
Resilient Growth in Agri Sector (per cent) 
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FAQs on Key Features of Budget 2022-23 - Indian Economy for UPSC CSE

1. What are the key features of Budget 2022-23?
Ans. The key features of Budget 2022-23 include measures for economic recovery, healthcare investment, infrastructure development, tax reforms, and social welfare schemes. It focuses on boosting economic growth, improving healthcare facilities, enhancing connectivity, simplifying tax procedures, and providing support to vulnerable sections of society.
2. What are the major highlights of Budget 2022-23?
Ans. Some major highlights of Budget 2022-23 are increased spending on healthcare infrastructure, allocation for skill development programs, investment in renewable energy projects, incentives for startups and small businesses, and reforms in the taxation system. It also includes provisions for affordable housing, rural development, and education sector reforms.
3. How does Budget 2022-23 aim to support economic recovery?
Ans. Budget 2022-23 aims to support economic recovery by introducing various measures such as increased government spending, tax incentives for businesses, infrastructure development projects, and reforms to attract foreign direct investment. These initiatives are aimed at boosting economic growth, creating employment opportunities, and stimulating consumer demand.
4. What are the tax reforms proposed in Budget 2022-23?
Ans. Budget 2022-23 proposes several tax reforms, including simplification of tax procedures, reduction in tax rates for certain income brackets, incentives for investment in specified sectors, and digitalization of tax administration. These reforms aim to promote ease of doing business, encourage investment, and reduce the tax burden on individuals and businesses.
5. How does Budget 2022-23 prioritize healthcare investment?
Ans. Budget 2022-23 prioritizes healthcare investment by allocating a significant portion of funds towards improving healthcare infrastructure, increasing the availability of medical facilities, and strengthening healthcare delivery systems. It also includes provisions for the development of new hospitals, medical colleges, and research institutions, as well as the expansion of vaccination programs and health insurance coverage.
136 videos|336 docs|146 tests
136 videos|336 docs|146 tests
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