NEWS

The emphasis on infrastructure investments will drive sustained employment growth

By VARINDIA - 2022-02-03

"With the government unveiling the budget today, the focus for the fiscal year 2022-23 is clearly on infrastructure investments, digitization, and financial inclusion. The emphasis on infrastructure investments is likely to drive sustained employment growth while the MSME and Fintech sectors are expected to drive inclusive recovery and financial inclusion. With accelerated digitization resulting from the pandemic and the Digital India push, the digital payments sector has flourished while redefining the retail sector. More reforms are also expected to be implemented to help small retailers become more Aatma Nirbhar, thereby sustaining and strengthening the local retail ecosystem. Small merchants who are the backbone of our economy and national infrastructure are today embracing digital transformation, becoming more accessible to customers, and offering more streamlined solutions. The budget provides an impetus to Growth, Consumption and hopefully a Sentiment impetus too. While it is possible that the budget may fuel inflation, a consumption and growth push is urgently needed at this time. Daily consumption industries, such as FMCG, will benefit from a boost in recovery and growth."