Professional Documents
Culture Documents
Budget Analysis 2022
Budget Analysis 2022
Roll No.:21106A1050
Mr. Sugata Bhattacharya, Chief Economist in Axis bank Covers the bankers’ point of view and
industry impact.
According to Mr. Sugata Bhattacharya,
Interest rate are going high in banking sector also Banks high the deposit rate too.
GDP receipts have not very change since the year 2012.
Tax rates needs to be grown up in India in different sector.
In overall tax collection 42% are needs to be transfers as tax to the state, 35% are
transfers to the semi state and 12% need to be transfer to the other sector.
60-70% impact in budgeting is affected by pandemic in various field.
Job Intensity per unit in GDP is coming down.
Mr. Jigar Saiya Covers the overall implication of Budget in the session.
GDP growth rate in the year 2022-2023 is 8.5%
Indian economy expected to grow till 9.2% in the year 2023-2024.
Budgeting impact least in the agriculture sector.
Consumptions are impacted because of the 3rd corona wave.
India is leading in the eco system. India comes in the 3rd place of budgeting the eco system.
Banks are capitalizing well in the pandemic so budgeting not affected to much in the banking
sector.
Railway sectors are leading in the engineering in the national growth.
Tax mobilization is more focused now in the digitalization.
Mr. Nirenjana govindekar cover the Direct tax implication in the budgeting and GDP.
Economy is grow to the 8.5% to 9% in the following year.
There is no big changes in the tax rate.
Surcharge on capital gain tax of transfer of any long-term capital asses capped by 15% reducing
the effective rate from 28% to 23%.
Time period reduced from 2year to 1 year for applying higher TDS to taxpayers who has not
filled ROI.