Budget 2022: The government must focus on infrastructure investment and provide a booster dose to the economy, says MBG Corporate Services
The road to development relies on infrastructure that is undoubtedly the backbone of every economy and is a distinguishing factor between developed and developing nations. India is now about a $3.1 trillion size economy and it aims to touch the $5 trillion mark by 2025. To achieve this goal, it is necessary to target a double-digit growth which has to come from all the sectors – manufacturing, trade, services, agriculture coupled with an increase in export volumes. Multiple efforts are needed from several directions but the most important is an investment in infrastructure. Besides, the pandemic has affected economic growth. Private sector investments and private consumption have been falling. The third wave of infection has brought more challenges.
