In Search of Inclusive Recovery An Analysis of Union Budget 2022-23.

Abstract

Union Budget 2022-23, presented amidst the third wave of the ongoing COVID-19 pandemic, had many expectaons to fulfil. While multudinous demands from mulple stakeholders are part and parcel of all budgets, the situaon this year is different from many other years. As per official esmates, the projected growth (in real terms) in Gross Domesc Product (GDP) for 2021-22 over the previous year is 9.2 per cent. Given that this comes on the back of growth having plummeted the year before, the 'real' GDP in 2021-22 would be higher by a lile more than 1 per cent compared to 2019-20. In other words, the Indian economy in 2021-22 would just about surpass the pre-pandemic level GDP in constant prices