"The country will expand at a rate of 9.27 percent in the coming year"; Sitharaman

While delivering the Union Budget, Finance Minister Nirmala Sitharaman stated that the country will expand at a rate of 9.27 percent in the coming year. The Budget, which focuses on four pillars of development — inclusive development, productivity enhancement, energy transition, and climate action — provides a blueprint for India's economy from 75 to 100, according to Sitharaman.

In 2022-23, the Budget expects the Central government's effective capital spending to be Rs 10.68 lakh crore or around 4.1 percent of GDP. The Finance Minister announced that the GST collections for the month of January 2022 were Rs 1,40,986 crore, the highest since the tax was introduced in 2017.