How is this budget for private investment? Understand former Vice President of NITI Aayog, Rajiv Kumar

This budget was very good for the middle class. In this budget, I want to take your attention to the steps taken for private investment. It has been announced in the budget that a high -level committee will be formed. This committee will see all the issues related to private investment. This committee will see what problems are there in private investment. This committee will present its report in a year. It is expected that this step will make the Eco system of private investment much better.

I hope that this committee should be chaired by the Finance Minister himself. After this, its implementation should also be met by a good agency. Along with this, it has been announced that an investor friendly index will be built. All states will be ranked in this index. This will create a competition in the states how to draw more and more investors towards them. I believe that private investment in India for thousands of years is the backbone of the economy. Promoting this will speed up our country’s economy.

It is clearly visible in this budget that perhaps the government has also understood that which has reached a limit to increase government spending. Because 11.1 lakh crore rupees were allocated in the last budget, then it was increased to only 12 lakh crores. I think the reason behind this is that earlier it was hoped that private investment would be attracted by government expenses. I think I did not benefit so much from him. Capacity in the manufacturing sector did not increase, investment did not increase. In this budget, not only the committee was talked about, but the limit of small and middle class units was increased from 250 crore to 500 crores. A new fund of funds were created for him. A credit enhancement scheme has been created for him. Credit card has also been arranged for the micro unit. All these will encourage private investment. It is very important to promote private investment in our country.

Due to the completion of the target of 4.4 percent fiscal deficit, the revenue experts will probably be a budget cut in the field of health and education. This was also done in the last two budgets. The reason for this is that our total revenue is increasing by just 9 percent, while our GDP growth is considered to be 10.1 percent. With this, the government will complete the financial deficit target. Another announcement has been made for that that in the next five years, there will be an asset monetization plan of 10 lakh crore by 2030. If this thing will be carried forward, then it is also not necessary that the budget of the social sectors should also be cut. If our asset monitization program runs properly, then we can also meet the target of financial deficit and can also increase the expenditure on both social sector and infrastructure.