Budget 2022 : Macro Economic Indicators – UPSC GS3

Revenue and Expenditure:

Growth estimates:
  • India’s economic growth in the current year is estimated to be 9.2 per cent, the highest among all large economies.
Capital expenditure:
  • The outlay for capital expenditure has been stepped up sharply by 35.4 per cent from Rs 5.54 lakh crore in the current year to Rs 7.50 lakh crore in 2022-23.  This investment taken together with the provision made for the creation of capital assets through Grants-in-Aid to States, the ‘Effective Capital Expenditure’ of the Central Government is estimated at Rs 10.68 lakh crore in 2022-23, which will be about 4.1 per cent of GDP.
Deficit:
  • The revised Fiscal Deficit in the current year is estimated at 6.9 per cent of GDP.
  • The Fiscal Deficit in 2022-23 is estimated at 6.4 per cent of GDP, which is consistent with the broad path of fiscal consolidation to reach a fiscal deficit level below 4.5 per cent by 2025-26.