Budget 2022: Infra sector pins hopes on FM – ‘will she, won’t she?’
Amid vociferous expectations from different segments of the infrastructure sector, the industry awaits with bated breath the pronouncements Finance Minister Nirmala Sitharaman would make during the Union Budget presentation on Tuesday. Given the mountain of hopes that the infra sector sits on, and the tightrope walk that the government needs to do between meeting the industry expectations and setting the pandemic-scarred economy on the right course, it remains anybody’s guess how far the FM would be able to live up to the expectations of the sector. However, experts across the spectrum feel that budgetary allocations going up for roads, highways and railway sector, among others, is almost a certainty. In the last two years, the Covid-19 outbreak triggered lockdowns across the country, playing havoc with the economy, with most sectors witnessing a slowdown. The government was also forced to tighten its purse strings to curtail diverse expenditures to divert the same towards meeting the ...