Скачать или смотреть Rural Development: Union Budget 2022-23, Growth and Employment | Kurukshetra March 2022 | CSE UPSC

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Union Budget 2022-23
 It is a budget that maintains continuity of priorities and philosophy.
 It is a futuristic blueprint to steer the economy over the Amrit Kaal of the next 25 years i.e., it seeks to provide impetus to sustainable growth and all-inclusive welfare.
 It is inclusive as it directly benefits youth, women, farmers, the SCs and the STs.
 With the proposed public investment of Rs 7.5 lakh crore, a jump of 35% over last year’s allocation of Rs 5.54 lakh crore, this budget targets growth.
Growth and Employment
 The Budget 2022-23 has set the stage for transforming India through the Amrit Kaal.
 The first goal of the Amrit-Kaal complementing the macro-economic growth with micro-economic all-inclusive welfare serves as a guiding principle.
 It is estimated that some 90 million workers would be looking for gainful non-farm work opportunities between now and 2030.
 An additional 55 million women could enter the workforce by 2030 if their long-standing under-representation gets at least partially corrected.
 Tax surcharges on cooperatives reduced to 7% from 12%.
 Govt. to ensure ease of doing business through crowdsourcing of suggestions and ground-level impact assessment with active involvement of citizens & businesses.
 Launch of ‘e-Bill System’ for all procurements by Central Ministries to enhance transparency & reduce delays.
 Improved access to credit could help MSMEs to accelerate India’s path to become USD 5 trillion economy.
Restoring India to a High-growth Path
 First, firms would need to raise aspirations and commit to productivity growth through business ideas based on the sunrise sectors.
 Second, businesses need to develop a long-term value creation mindset coupled with a strong performance-oriented culture creating stakeholder value in the long-term.
 Third, firms would need a set of winning capabilities if they are to emerge as large, high growth, globally competitive businesses.
 Customer-centric Innovation
 Operational Excellence and Scalable Platforms
 Ability to be Ahead of the Curve and Win in Discontinuities
 Well-executed Mergers, Acquisitions and Partnerships
Raising Productivity and Competitiveness
 Sector-specific policies to improve productivity in manufacturing, real estate, agriculture, health, and retail.
 Unlocking supply in land markets to reduce land costs by 20 to 25%.
 Creating flexible labour markets for industry with better benefits and safety nets for workers.
 Enabling efficient power distribution to reduce commercial and industrial tariffs by 20 to 25%.
 Privatizing 30 or so of the largest state-owned enterprises to potentially double their productivity.

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