Budget 2022 : Basics – UPSC GS3

  • With this Budget, India has marked the 75 years of Independence through Azadi ka Amrit Mahotsav.
  • Apart from this, the budget also lays down a plan for next 25 years and refers to the same period as Amrit Kaal.
  • Amrit Kaal: India has entered into Amrit Kaal, the 25-year-long leadup to India@100. During the Amrit Kaal, the government aims to attain the following vision:
    • Complementing the macro-economic level growth focus with a micro-economic level all-inclusive welfare focus.
    • Promoting digital economy & fintech, technology enabled development, energy transition, and climate action.
    • Relying on a virtuous cycle starting from private investment with public capital investment helping to crowd-in private investment.
  • Blueprint of Amrit Kaal: Four Priorities:
    • PM Gati Shakti
    • Inclusive Development
    • Productivity Enhancement & Investment, Sunrise Opportunities, Energy Transition, and Climate Action
    • Financing of Investments

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