Union Budget 2022 Expectation: Abhishek Jain, Fellow & Director – Powering Livelihoods, CEEW

Finance minister Nirmala Sitharaman is all set to present the fourth Budget of the Modi government today. The focus of the Budget is expected to be propelling India’s pace of recovery from the pandemic shock along with further boosting up India’s healthcare system to secure against any future outbreaks, It is also expected to boost the renewable energy sector and drive the green solutions in the country. The stage for the Budget presentation was set by the Economic Survey stating that the government has the fiscal space to do more to support the economy that is forecast to grow at a healthy 8-8.5 per cent growth in the 2022-23 fiscal.

Abhishek Jain, Fellow & Director – Powering Livelihoods, CEEW sharing his expectation said “Following on from the COP 26 announcements, we hope that the government would not limit India’s greening ambitions to large power plants or industries, but also leverage the green solutions to drive incomes and jobs at the bottom of the pyramid.”

Abhishek added “We hope to see strong budgetary support for mainstreaming green technologies such as biomass-based cold storage, solar looms, solar power milking machines and milk chillers to solar-powered agro-processing units such as mills, dryers and much more. We must make the green transition an inclusive one and make it work to further jobs and livelihoods.”