Capital expenditure to be stepped up by 35.4%. The outlay for capital expenditure is to be upped from Rs 4.54 lakh crore earlier to Rs 7.50 lakh crore in 2022-23.
Finance Minister Nirmala Sitharaman’s fourth Budget has harped on the spending theme of her previous pandemic-year Budget, but has sharpened the focus on spending on physical asset creation to kickstart growth and help India retain the “fastest growing major economy” tag for the second year running.