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The Union Budget 22-23 have taken a growth-oriented approach for most of the sector focusing majorly on agriculture By Mr. D.R.E Reddy, CEO and Managing Partner, CRCL LLP.

The Union Budget 22-23 have taken a growth-oriented approach for most of the sector focusing majorly on agriculture, farming, education and health sector. Starting with the PM Gati Shakti which will put forth the economy giving a boost to the supply chain and employing over 44% of the population in this sector while continuing to contribute to the country’s gross value. The encouragement to Agricultural universities will create necessary awareness of organic farming, modern-day agriculture, and will enable to provide better career opportunities for the upcoming generation.

The idea of the Kisan drone for crop assessment, digitization of land records, spraying of insecticides and nutrients will give inclusive development to farming. With this phase, India is to grow at 9.27%, the highest among all large economies. With a focus on contributing to the environment, chemical-free natural farming focusing on soil, biodiversity and human well-being is a welcome move. Overall major decisions taken are favouring in striking a balance between boosting rural demand and investing in infrastructure while continuing on the path of fiscal consolidation to maintain macro stability."

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