"The Finance Minister has presented a visionary expansionary budget and I will rate it as 9 of 10. The FM’s focus on India@100 is significantly focused on the goal of complementing macro-growth with micro-all-inclusive welfare, digital economy and FinTech, tech-enabled development, energy transition, and climate action.
The seven pillars on which the budget rests are well thought out. Of the seven, we at Nuberg EPC are excited about the focus on Energy Transition and Financing of investments. These combined with the earlier announced focus on the USD 5 trillion economy will create a huge number of opportunities for the country and for organizations in our industry.
I would also like to highlight the emphasis on public investment to modernize infrastructure over the medium term, leveraging the tech platform of Gati Shakti via a multi-modal approach; Self-reliant defence sector with 68% of capital procurement budget in defence to be earmarked for the domestic industry in 2022-23; Capital expenditure being stepped up to Rs 7.5 lakh crore; and blended fuel being encouraged with custom tariff on unblended fuel. Issue of Green Bonds is another excellent step, as it will enable the move to the hydrogen economy."
