The event started with a brief explanation on the topics like budget, revenue expenditure and capital expenditure by Amit sir. Then slowly we went into the main topic of our panel discussion. As every year budget has different agendas. So, the main agenda of this year’s budget How to fight back after the pandemic. The main focus of the budget was particularly on those industries which are affected very badly during this pandemic situation. And also, to help those sectors which were facing major issues during this pandemic situation. The main vision of the budget was Infrastructure, Logistics & Digital Economy. And also, to build Self Sustainable
Management. The focus of this budget was that it will go till 15-20 years. It was also discussed that the capital expenditure contributes almost 3%. It was also discussed that in the budget demand side was highly missing but on the other hand supply side was positive. From the budget a serious question was that from where the 7.5 lakhs crore will come from. No printing of new money will take place then the main source will be that the government will give money top the people then the demand will go up and the consumption will also rise. But we should also keep I n mind that only 5-7% of the Indian population pays tax. From the discussion we also came to know that the primary objective to spend money was mainly to build efficient logistics supply chain. But the bigger challenge was that people were not spending during this pandemic situation and after the pandemic. During this pandemic 20 lakhs people were push below the poverty line. Then we also discussed about MSME that how it is important to the Indian Economy as it contributes abouts 30% of its GDP and 40% of its exports. Then after all these discussion on the important topics we ended the panel discussion with some questions from the audience.
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Learnings from the event
- Awareness of the announcements made in different sectors related to budget 2022
- Provision of allocation of money and their implications in budget.
- Pros. And Cons. Of the announcments made and how government is going to implement.
