New Delhi: Economic Advisory Board for Prime Minister (EAC-PM), who met on Thursday, estimated economic growth to 7-7.5% in 2022-23 and believes that once the utilization of increased capacity, private investment must also recover.
But it warns that this should not mean that the Union budget for 2022-23 projects unrealistic high tax revenues or tax showing.
The EAC-PAC member insigned that the Union budget for 2021-22 clapped with reform actions, and the realism in the amount.
“EAC-PM members have the view that these dimensions must be carried out into a 2022-23 budget as well, indicating the use of extra income in the form of capital expenditure and human capital expenditure, because Covid has led to a human resource deficit,” according to a statement, added that , Members are optimistic about the prospects of real and nominal growth in 2022-23.
In addition to basic effects elements, the intensive sector of contacts and construction must recover on 2022-23.
Members also argue that there must be a clear roadmap for the privatization and orientation of last year’s budget growth must also be maintained.
The PM Board sees 7-7.5% of FY23 growth
