The Union Budget 2022-23 showing commitment for ‘minimum government and maximum governance’
Dr. Deepak Kumar Sahu,Editor-in-chief,VARINDIA
The Union Budget 2022-23 emerges at a time of great need as many industries are getting back on their feet after nearly 2 years of pandemic, and many new-age sectors are on a sustainable growth path and need enabling ecosystems for global competitiveness. The Finance Minister highlighted that India’s economic growth is estimated to be at 9.2 percent in current year, the highest amongst large economies. Showing commitment for ‘minimum government and maximum governance’and to further enable Ease-of-Doing-Business (EODB), over 25,000 compliances were reduced and 1486 Union laws were repealed in the recent years. Roll out of ultra-speedy 5G telecom services will further increase demand for data center services, spurring conglomerates helmed by Adani and Mittal to rapidly scale up.
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