Interpreting the Budget Speech for 2022-23

Abstract

Though the Budget 2022 has included provisions to tackle the country’s economic vulnerabilities, its successful outcome will be essential to its performance. The Budget Speech 2022-23, labelled as ‘growth-oriented’, pumped optimism into ‘Dalal Street’, and share market operations concluded on a hopeful note after the proposal was delivered. This article aims to go further into the government’s budget complexities to grasp the details of whatever is being pledged, how those commitments are supposed to be achieved, and whether they satisfy the country’s present economic expectations. This article also highlights that consumption demand is still an issue as the budget speech plots the route to prosperity for the next three decades and the budget 2022-23 has prioritized long-term advantages over short-term solutions.