Focus on healthcare and infra will instil confidence
An increase of 34.5% in capital expenditure from last year, taking it to a whopping ₹5.54 lakh crore, major push for roadways and railway freight corridors, the setting up of a Development Financial Institution with a proposal to capitalise it with ₹20,000 crore, allowing FPIs to debt finance InVITs and REITs and a National Asset Monetisation Pipeline—this is a robust mix of measures with a clear intent to provide a shot in the arm to the infrastructure sector with the aim to ultimately generate more jobs and kick-start growth.
It was no surprise that healthcare was in focus this year, given that we are still tackling a global pandemic. The total outlay for healthcare rose a staggering 137%, with a special push towards vaccination.
This was a crucial move necessary to instil confidence among citizens, corporates, and investors alike.