Union Budget 2023 Key Focus

The Union Budget 2023 aims to create a balanced and sustainable growth trajectory for the country.

Feb 1, 2023 - 18:00
Feb 2, 2023 - 05:57
Union Budget 2023 Key Focus
Budget 2023

The Union Budget 2023 was presented by the Finance Minister of India, Nirmala Sitaram. The budget focuses on three main themes: physical infrastructure, human infrastructure, and digitally enabled infrastructure. 

In terms of physical infrastructure, the budget emphasizes the creation of new airports, seaports, and highways to increase connectivity and ease of transportation. It also allocates funds for the development of the agriculture sector and the creation of new warehousing and cold storage facilities. 

For human infrastructure, the budget lays emphasis on the development of health and education sector. The government has allocated more funds for the National Health Mission, and for the development of higher education institutions. The budget also aims to increase the employability of the youth through the creation of new skill development programs. 

The budget also highlights the importance of digitally enabled infrastructure, and allocates funds for the development of a digital infrastructure, including the creation of new data centers and the expansion of broadband connectivity to rural areas. 

In addition to these main themes, the budget also focuses on increasing the ease of doing business in India and encourages entrepreneurship through various tax benefits and incentives. The government has also proposed to increase the allocation for women-centric programs and schemes, to empower and uplift the status of women in the society. 

Overall, the Union Budget 2023 aims to create a balanced and sustainable growth trajectory for the country. The budget, with its focus on physical, human and digitally enabled infrastructure, is expected to provide a boost to the economy and improve the standard of living for the people of India.

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