Budget bets big on public infra: Subsidy bill falls as Covid concern eases0

• India
• February 2, 2022

While presenting the Union Budget on Tuesday, Finance Minister Nirmala Sitharaman stressed the “overall sharp rebound and recovery” of the Indian economy from the Covid-19 pandemic. Yet this optimism did not extend to the Budget’s numbers, which assumed that nominal growth in 2022-23 would be 11.1 per cent in spite of a global inflationary environment and the