After analyzing Budget 2022 resource allocation, we can observe that the government, this fiscal year, focused on three major schemes.
(i) Gati Shakti
(ii)Digital India
(iii)Atmanirbhar
Let’s analyze them one after another.
Gati Shakti:
India’s Prime minister, Narendra Modi’s Gati Shakti Model, has got great attention in the Budget 2022 announcement. Through the Gati Shakti Master plan, the Modi government aims to provide “the integrated planning and coordinated execution” by sixteen ministries. It provides a digital solution for all infrastructure problems in India under one umbrella. It connects railways, roads and highways, and more to one digital platform. Through this scheme, India can achieve economic transformation, seamless multimodal connectivity, and logistics efficiency. Also, India’s Finance Minister, announced that this year government planning to expand National highways by 25,000 km. Stating that India’s government allotted 20,000 crores rupees under Gati Shakti Scheme. After this announcement, Infrastructure companies like PNC Infratech, KNR Constructions, NCC, IRB Infrastructure Developers, and some other infrastructure firms’ stocks rallied up.
Digital India:
This scheme aims to connect rural areas to connect with high-speed internet and improve digital Literacy. Digital India connects different departments of Government to people through technology. So far, the Government implemented Aadhaar Enabled Payment System (AEPS), BPO Scheme, Digidhan Abhiyaan, MyGov, National Mission on Education using ICT, North East BPO Promotion Scheme (NEBPS), NREGA — Soft, OpenForge, PayGov India, Smart Cities, Pradhan Mantri Jan- Dhan Yojana (PMJDY), Pradhan Mantri Kaushal Vikas Yojana (PMKVY), PAHAL (DBTL), Targeted Public Distribution System (TPDS), Visvesvaraya Ph.D. Scheme For Electronics and IT. In the 2022 Budget announcement, FM announced the allocation of 10,678.18 crores to digitalize India with advanced technologies like Artificial Intelligence. So, seems like Digital India is also a good option based on budget 2022.
Atmanirbhar Bharat:
A vision to make India a reliant country. This year Atmanirbhar Bharat scheme focused on working towards defense and space sector theme. The government stated that Defense and R&D don’t only focus on Industries but also on academia, startups will also work with DRDO with the SPV model. This year government allotted 6,400 crores under this scheme.
Wow! This Year seems like India wants to digitalize every corner of its country through advanced hardware and software technologies. Leaving you to explore more about stocks based on these schemes, I’m signing off, and I love to discuss your opinions on investing in stocks based on budget allocation in the comment section.
Thank you!
Have a nice day :)
