Union Budget 2022: Ashish Kumar calls budget balanced and vision oriented

Mumbai: MD & CEO, Bombay Stock Exchange Ashish kumar Chauhan while giving his views on Union Budget 2022-23 said, it is a very balanced budget. He said, it continues the incremental growth-oriented approach of the last budget. Mr. Chauhan said that in this budget the Finance Minister has provided a springboard for an investment cycle with the highest ever share of capex, focus on the development of national manufacturing capabilities and clean energy, tax rationalization with no new taxes while maintaining its continuous growth focus on “Aatmanirbhar Bharat. 

He added that it boosts spending towards policies that are growth-oriented, create jobs, boost manufacturing, help agri-economy and infrastructure creation. He summarised that a mix of short-term boost and long-term structural



emphasis has been the hallmark of this Budget.

Bandhan Bank MD & CEO, Chandra Shekhar Ghosh said that the Union Budget for 2022-23 seeks to support the recent economic growth momentum India has seen and helps it sustain over the long term. He said that the substantial rise in planned capital expenditure for the creation of infrastructure, focus on affordable housing, welfare & development of MSMEs, and the farm economy will prepare India for the next phase of growth. 

He added that this can lead to creation of millions of new jobs, helping India leverage its young demographic dividend. He also said that the new business opportunities and enterprises that will come up due to these projects will also benefit the banking sector.