{"id":465438,"date":"2022-02-02T09:06:41","date_gmt":"2022-02-02T03:36:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=465438"},"modified":"2022-02-02T09:34:20","modified_gmt":"2022-02-02T04:04:20","slug":"budget-bets-big-on-public-infra-subsidy-bill-falls-as-covid-concern-eases","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/budget-bets-big-on-public-infra-subsidy-bill-falls-as-covid-concern-eases\/","title":{"rendered":"Budget bets big on public infra: Subsidy bill falls as Covid concern eases"},"content":{"rendered":"<p>While presenting the Union Budget on Tuesday, Finance Minister Nirmala Sitharaman stressed the \u201coverall sharp rebound and recovery\u201d of the Indian economy from the Covid-19 pandemic. Yet this optimism did not extend to the Budget\u2019s numbers, which assumed that nominal growth in 2022-23 would be 11.1 per cent in spite of a global inflationary environment and the Economic Survey\u2019s prediction of real growth above 8 per cent.<\/p>\n<p>The fiscal deficit for the current year, at 6.9 per cent of gross domestic product (GDP), narrowly missed the 6.8-per cent target despite a surge in some tax revenues. The FM has committed to reaching 4.5 per cent of GDP by 2025-26, while targeting 6.4 per cent in the coming year. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>While presenting the Union Budget on Tuesday, Finance Minister Nirmala Sitharaman stressed the \u201coverall sharp rebound and recovery\u201d of the Indian economy from the Covid-19 pandemic. Yet this optimism did not extend to the Budget\u2019s numbers, which assumed that nominal growth in 2022-23 would be 11.1 per cent in spite of a global inflationary environment and the Economic Survey\u2019s prediction of real growth above 8 per cent. The fiscal deficit for the current year, at 6.9 per cent of gross domestic product (GDP), narrowly missed the 6.8-per cent target despite a surge in some tax revenues. The FM has committed [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,168],"tags":[],"class_list":["post-465438","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/465438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=465438"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/465438\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=465438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=465438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=465438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}