Annual Financial Budget 2022

[ravishingravi]

Opportunities galore. As a strong critic of Modi years on economic front, I am liking the recent turn in policies and hiring of some very independent competent minds. 

 

The economy survey was also quite revealing. It was very well done and will take some time to dissect. 

 

On lighter note. 

 

 

On more serious note. 

 

 

 

[coffee_rules]

Modest increase in Nifty and Sensex. Opposition as always says not a peoples’ bdget, no change in income tax slabs. 
 

Election year ban dher, lots of apps for farmers esp for MSP and rice procurement 

 

 

[diga]

no freebies or doles for election going states either

[mishra]

In 2022, finanacial Imapct of Covid will be reflected in budget all over the world.

 

Taxes are going to rise globally without change in tax slabs. Considering that, I think GoI has done well. What I am unhappy is, Is GoI doing enough to curtail imposts from China.Bilateral trade Fdeficit has jumped 1.5 times yOY.

 

If Modi and his Mitrogn can pull out this stunt, For me he will be best PM of all time.

 

 

[ravishingravi]

 

[Yoda-esque]

But but I heard Ravish speak and he is saying it's disaster...

[ravishingravi]

Actually this is one of the better budgets. Budget should be boring and non event. Govt is favoring consistency. Sign of maturing economy. 

[vayuu1]

25 minutes ago, Yoda-esque said:

But but I heard Ravish speak and he is saying it's disaster...

Bhai wo r@ndtv hai uska kaam hi r@ndy rona krna hai saath main us chowdu mk venu ko bhi bitha diya,to ye hona hi tha

[I6MTW]

Why 30% tax on crypto currency and other digital economy? That seems ridiculous, considering other countries do not impose this much.

[ravishingravi]

 

 

 

Finally India seems to be getting it right when it comes to economics. 9.2% growth in 2022 driven by base effect and 8.8% in 2023. If we sustain 8%, we should cross 4 trillion by end of 2024. In my view, if we gave a stable govt, we should cross $ 10 trillion easily by 2030.