New Delhi: economic advisory council The Prime Minister (EAC-PM) met on Thursday, projected economic growth to be 7-7.5% in 2022-23 and was confident that once capacity utilization improves, private investment should also recover.
But it cautioned that this should not mean that Union Budget Unrealistically high tax revenue or tax buoyancy for 2022-23 projects. The members of the EAC-PM were of the view that the Union Budget for 2021-22 was appreciated because of the realism in numbers along with the reform measures.
“The EAC-PM members were of the view that these dimensions should also be carried forward in the budget for 2022-23, indicating the use of additional revenue in the form of capital expenditure and human capital expenditure, as covid According to a statement, the members were optimistic about the real and nominal growth prospects in 2022-23.
Apart from an element of base effect, contact intensive areas and construction should recover in 2022-23.
The members were also of the view that there should be a clear roadmap for privatization and the development orientation of last year’s budget should also be maintained.
But it cautioned that this should not mean that Union Budget Unrealistically high tax revenue or tax buoyancy for 2022-23 projects. The members of the EAC-PM were of the view that the Union Budget for 2021-22 was appreciated because of the realism in numbers along with the reform measures.
“The EAC-PM members were of the view that these dimensions should also be carried forward in the budget for 2022-23, indicating the use of additional revenue in the form of capital expenditure and human capital expenditure, as covid According to a statement, the members were optimistic about the real and nominal growth prospects in 2022-23.
Apart from an element of base effect, contact intensive areas and construction should recover in 2022-23.
The members were also of the view that there should be a clear roadmap for privatization and the development orientation of last year’s budget should also be maintained.
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