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CareEdge Research Report
Two years into the pandemic, India's Finance Minister Nirmala Sitharaman, took quite a few by surprise with her shortest budget speech so far. But her plans for the country's economy in FY23 and ahead kept most predictably happy.
We believe the Finance Minister and the government have taken a firm and forward-looking approach, focusing on three major elements for the country - infrastructure, sustainable development and all-inclusive welfare. All need of the hour.
With the nation still reeling under the pandemic's turmoil, a higher-than - expected Rs 10 trillion allocation to capital expenditure in the infrastructure sector will likely crowd-in private sector investments and uplift sentiment.
Drones in agriculture, organic farming, and wasteland development with an outlay of Rs 3 trillion will help build ‘Bharat' and lead to transformation of life in rural India.
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