Indian Union Budget 2022-23 – A Snapshot

The Minister of Finance today presented the Union Budget (Budget) for financial year (FY) 2022-23¹ in the Lok Sabha (the lower house of India's Parliament).  This Budget seeks to lay the foundation for and give a blueprint to steer the economy over the next 25 years – from India at 75 (years from its independence) to India at 100 (years from its independence). Key proposals in the Budget are as follows:

Policy

• Digital Rupee to be rolled out by the Reserve Bank of India in FY 2022-23 via Blockchain Technology.
• Battery swapping policy will be formulated to strengthen EV ecosystem.
• Infrastructure status to Data Centres and Energy Storage Systems including dense charging infrastructure and grid-scale battery systems.