??he FY22 Budget is big on vision and has taken a series of measures to bring back sustained and high growth for the Indian economy. It is evident that the budget plans to give a big boost to both manufacturing and infrastructure with some path breaking steps like creation of Development Financial institution to fund the ambitious National Infrastructure Pipeline, setting up of National Asset Monetisation Pipeline that will free up idle resources including surplus land with PSUs, and monetisation of various assets of railways like dedicated freight corridors, power transmission lines, roads, and oil and gas pipelines for fund mobilisation. The decision to set up three more dedicated freight corridors will ensure faster and smoother delivery of raw materials as well as industrial and farm products, which will help save costs and allow companies to target new markets.”
??dditionally, the budget has emphasized on creating infrastructure for R&D and Skill enhancement in Artificial intelligence, which will play a pivotal role in preparing the workforce for the future. If rolled out well, all these initiatives will act as a game-changer for the Indian economy and allow India to emerge as global hub for both manufacturing and trained workforce in this decade.??/strong>
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