Governance & Public Policy · 28 January 2023 · 1 min read
Union Budget 2023 – Bharat-varsh
The whole of tumultuous 2022 has seen India's Gross Domestic Product growing at about 6.1% according to most estimates.
Given the macroeconomic factors across the world, this is absolutely brilliant. We have managed to keep inflation at roundabout 5% and growth overperforming, meaning Bharat is actually becoming an Aatmanirbhar powerhouse in itself.
This Budget comes with two big expectations.
The prosperity of the Indian middle class and their growth.
The unparalleled growth of Bharat in infrastructure and addressing last mile delivery problems of most rooted problems in India — the common man's comfort.
Indian middle class is a mix of white collar and blue collar workforce who work in cities which have a shortage of infrastructure.
The National Infrastructure Pipeline, Pradhan Mantri Gatishakti Platform and the high capital expenditure over the last few Budgets on infrastructure has brought India to have seven cities with metro and rapid transit systems, with more in the pipeline.
I believe 2023 will be Bharat-varsh but the Union Budget 2023 needs to provide that impetus.
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