Union Budget 2022 highlights | Sharp hike in capital expenditure; no changes in Income Tax

Union Minister of Finance Nirmala Sitharaman with a folder case containing the Union Budget 2022-23 on February 1, 2022 (Source: The Hindu)

Union Finance Minister Nirmala Sitharaman presented the Union Budget 2022 on February 1. She said that the Budget proposals for this financial year rest on health and well-being, infrastructure, inclusive development, energy transition and climate action, financing of investments and 'Minimum Government, Maximum Governance'. India’s economic growth estimated at 9.2% to be the highest among all large economies. 60 lakh new jobs to be created under the productivity linked incentive scheme in 14 sectors.

Watch | Highlights of Union Budget 2022-23