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ARTICLE · 17 MARCH 2022

Union Budget 2022: Key Highlights

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Against the backdrop of an expected 9.27% GDB growth in the upcoming financial year, the latest Union Budget presented by Union Finance Minister Nirmala Sitharaman included 4 key priorities:

IndiaTax
Faranaaz Karbhari
Faranaaz Karbhari
Rahul Jain
Rahul Jain
Mahafrin Mehta
Mahafrin Mehta
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Against the backdrop of an expected 9.27% GDB growth in the upcoming financial year, the latest Union Budget presented by Union Finance Minister Nirmala Sitharaman included 4 key priorities: PM Gati Shakti; inclusive development; productivity enhancement and investment, sunrise opportunities, energy transition and climate action; and financing of investments. Here are some of the key highlights of the Budget 2022-23.

Infrastructure and Energy

  • To facilitate domestic manufacturing for the ambitious goal of 280 GW of installed solar capacity by 2030, an additional allocation of INR 19,500 crore for Production Linked Incentive for manufacture of high efficiency modules, with priority to fully integrated manufacturing units from polysilicon to solar PV modules, will be made.

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