India’s current economy has become a concern for not only the people in the country but in the world too.
India’s Financial Buget of year 2022-23
With the ongoing scenerio, wherein a large number of people are still trying to overcome their depths from the past two years, India has tried to maintain its status quo throughout.
The flow of economy in the time of covid had led to unexpected decline in many sectors especially in the import and export.
Although the situation of covid has not fully set back, the recent Financial Budget of the year 2022-23 sees no significant allocation of funds towards the health sector. There is no doubt that the rise of another outbreak is no far as many countries are already in the pit of it. In spite of the these, the well being of the people is at question for now.
Looking at the revised Financial Budget estimates, the total expenditure in terms of health has increased. One can say that the government has planned thoroughly to increase the budget in the workforce of the health department and no longer finds covid to be a threat to the country.
India’s growing economy
Although, a developing nation, India has always tried to maintain its position in the global arena through participating in all world affairs. In terms of financial aid, it takes a diplomatic stand to help countries in need. Be it in terms of evacuation process of flood victims in Sri Lanka to stranded Indian students in Ukraine.
As per the reports, one can find out that the country’s financial status might significantly improve from 7 percent to 9.5 percent in the present year.
In respect of the concerns for the economy, people in the country generally associate it with the rise prices of the daily commodities including LPG, Petrol, Diesel and other items.
Over the past few weeks, one can find significant and drastic increase in the price of petrol by 80 paise in every four days. The concern generally lies with the common man who desperately wishes to improve their standard of living.