The Union budget has some clear-cut plans to ensure the country’s long-term growth in the next 25 years, said economist Prof Sachin Chaturvedi. “The budget has a special focus on three fronts: infrastructure, protecting the environment and creating quality human resources,” Chaturvedi said, as he demystified the nuances of the Union Budget for the 23rd edition of the Malayala Manorama annual budget speech on February 4.
Creating a world-class infrastructure and ensuring more connectivity between rural and urban areas will be crucial for inclusive growth, he said. “The budget has laid clear plans for developing digital and physical infrastructure.”
Chaturvedi said there are good measures on the Budget to ensure a low carbon trajectory and India’s leadership on the climate change segment. The economist observed that the Budget is offering the richer nations an opportunity to invest more in India. He said the states will have to play a crucial role in the fruition of many plans laid in the budget.
Chaturvedi pointed out that the budget offers ambitious plans to boost the technological capacities and digital infrastructure. “It also aims to create quality human resources in the country,” he said.
