The use of Kisan drones for crop assessments, land records, spraying of insecticides is expected to drive a wave of technology in the Agri & farming sector, FM announced. 

The FY22 expenditure was revised to Rs 37.7 lakh crore. Also, the FY22 fiscal deficit is estimated at 6.9 per cent of the GDP. In FY23, the fiscal deficit was pegged at 6.4 per cent of the GDP. Also, the FY23 Capex is targeted at Rs 7.50 lakh crore. FY23 effective Capex was seen at Rs 10.7 lakh crore. The SMEs and the MSMEs have continued to be under stress due to the successive waves of the pandemic, which have not only disrupted their operations but also, impacted demand, particularly in services. The extension and expansion of the ECLGS Scheme to Rs 5 lakh crore is a step in the right direction to provide further liquidity relief to these sectors. Further, the plans to revamp the credit guarantee fund have been announced to make it more effective. New railway routes have been planned, which would benefit SMEs as well as the farmers.   

Higher capex is going to have a positive impact on infrastructure sector.

In the Union Budget 2022-23, a bunch of expectations has been fulfilled. Healthcare and infrastructure appeared to be the main highlights of Budget 2022 while a huge investment has been allocated for the expansion of roadways & logistics networks.