Nirmala Sitharaman chooses growth with a Budget for India@100


Updated

New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman on Tuesday announced that Union Budget 2022-23 seeks to lay the foundation and give a blueprint to steer the economy over the 'Amrit Kaal' of the next 25 years – from India at 75 to India at 100.

The outlay for capital expenditure in the Union Budget is once again being stepped up sharply by 35.4 per cent from Rs 5.54 lakh crore in the current year to Rs 7.50 lakh crore in 2022-23. This has increased to more than 2.2 times the expenditure of 2019-20. This outlay in 2022-23 will be 2.9 per cent of GDP.

With this investment taken together with the provision made for creation of capital assets through Grants-in-Aid to States, the 'Effective Capital Expenditure' of the Central Government is estimated at Rs 10.68 lakh crore in 2022-23, which will be about 4.1 per cent of the GDP.

As against a total expenditure of Rs 34.83 lakh crore projected in the Budget Estimates 2021-22, the Revised Estimate is Rs 37.70 lakh crore. The Revised Estimate of capital expenditure is Rs 6.03 lakh crore. This includes an amount of Rs 51,971 crore towards settlement of outstanding guaranteed liabilities of Air India and its other sundry commitments.

Coming to the Budget Estimates, the total expenditure in 2022-23 is estimated at Rs 39.45 lakh crore, while the total receipts other than borrowings are estimated at Rs 22.84 lakh crore.

The revised Fiscal Deficit in the current year is estimated at 6.9 per cent of the GDP as against 6.8 per cent projected in the Budget Estimates. The Fiscal Deficit in 2022-23 is estimated at 6.4 per cent of the GDP, which is consistent with the broad path of fiscal consolidation announced last year to reach a fiscal deficit level below 4.5 per cent by 2025-26.

"While setting the fiscal deficit level in 2022-23, I am conscious of the need to nurture growth, through public investment, to become stronger and sustainable", the Finance Minister added.

Sitharaman said the government aims to attain the vision by complementing the macro-economic level growth focus with a micro-economic level all-inclusive welfare focus, promoting digital economy & fintech, technology enabled development, energy transition, and climate action, and relying on virtuous cycle starting from private investment with public capital investment helping to crowd-in private
investment.

Sitharaman said this Budget continues to provide impetus for growth. It lays a parallel track of a blueprint for the Amrit Kaal, which is futuristic and inclusive. This will directly benefit our youth, women, farmers, the Scheduled Castes and the Scheduled Tribes. And big public investment for modern infrastructure, readying for India at 100. This shall be guided by PM Gati Shakti and be benefited by the synergy of multi-modal approach, she added.

PM Gati Shakti Master Plan for Expressways will be formulated in 2022-23 to facilitate faster movement of people and goods. The National Highways network will be expanded by 25,000 km in 2022-23. Rs 20,000 crore will be mobilized through innovative ways of financing to complement the public resources.

One hundred PM Gati Shakti Cargo Terminals for multimodal logistics facilities will be developed during the next three years.

Innovative ways of financing and faster implementation will be encouraged for building metro systems of appropriate type at scale. Multimodal connectivity between mass urban transport and railway stations will be facilitated on priority.

BUDGET 2022 KEY POINTS IN BRIEF 

Customs duty on capital goods to be phased out: FM 

Unblended fuels to attract higher duty from Oct: FM 

No change in income tax rate and slab 

Taxation of virtual digital assets at 30% 

Taxpayers can file updated returns within 2 years from end of Assessment Year 

Revised FY22 fiscal deficit estimated at 6.9% of GDP, says FM 

States to get Rs 1 lakh cr as 50-year interest-free loans, says FM

5G spectrum auction to be held in FY23: FM 

Rs 60,000 Cr allocated for access to tap water to 3.8 Cr households 

80L houses to be completed for identified beneficiaries of PM Awas Yojana in 2022-23 

Open platform for National Digital Health Ecosystem to be rolled out 

E-passports with embedded chips to be launched in FY23, says FM 

Ease of Doing Business, Ease of Living 2.0 to be launched: FM 

Chemical-free natural farming to be promoted across the country 

India to have 100 new cargo terminals in 3 years 

One station, one product concept to be popularised to help local businesses 

400 new generation 'Vande Bharat' trains in the next 3 years: FM 

Transfer of Air India ownership now complete: FM 

Budget FY23 seeks to lay foundation for the next 25 yrs: FM 

Public issue of LIC expected shortly: FM 

Estimated economic growth to be at 9.2% this year: Sitharaman

 

Live Updates 

12.45 pm - "The government will pay Rs 2.37 lakh crore towards procurement of wheat and paddy under MSP operations," said FM 

The fiscal 2022-23 has been announced as International Year of Millets, the finance minister said while presenting the Union Budget for 2022-23. 

12.40 pm - India will allocate an additional Rs 19,500 ($2.62 billion) for production-linked incentives towards solar equipment manufacturing - FM 

12.35 pm - 100 PM Gati Shakti Cargo terminals to be developed in 3 years: FM 

12.27 pm - GST collection in January crossed Rs 1.38 lakh crore in January, a growth of 15 per cent over the year-ago period, on pick up in economic activity and anti-evasion measures, the highest mop-up since the tax regime's inception. This is a win for the taxpayers: FM

12.21 pm - Tax deduction limit to be reduced for central government employees from 18 per centto 15 per cent in their contribution to NPAs.State govt employees' tax deduction limit has been increased from 10 per cent to 14 per cent.

12.15 pm - Any income from the transfer of digital assets willbe taxed at 30 per cent and 1 per cent TDS on transfer of virtual digital assets. This income cannot be set off against any other income by an individual: FM

12.05 pm - The total expenditure in FY22 stands at Rs 39.45 lakh crore and total receipts without borrowing at Rs 22.84 lakh crore.Fiscal deficit in FY22 was at6.9 per cent of the GDP as against 6.8 per cent projected in the Budget estimates. Fiscal deficit for FY23 is projected at 6.4 per cent

12.03 pm - Introduction of a digital currency will give a big boost to currency. It is proposed to launch adigital rupee with blockchain: Sitharaman 

11.55 am - Economy has shown strong resilience against pandemic impact. The virtuous cycle of investment requires public investment to with private. Public investment must continue to take the lead in 2022-23. The outlay for capital expenditure is being stepped up by 35.4 per cent from Rs 5.54 lakh crore to Rs 7.50 lakh crore - FM 

11.51 am - 5G spectrum auction in 2022 to roll out 5G services across India.The laying of optical fibre in villages willbe completed by 2025 - FM

11.47 am - Defence R&D to be opened up to startups, academia. Private industry to be encouraged to take up design of military infrastructure in consultation with DRDO. 68 per centof R&D budget in Defence earmarked for Make In India, says Sitharaman

11.45 am - An end-to-end e-Bill facility will be launched for all government procurements, announces FM

11.44 am - A battery swapping policy to be brought out and interoperability standards will be formed. The private sector will be encouraged to boost EV infrastructure: FM

11.42 am - ePassports will be rolled out in 2022-23 for convenience in overseas travel: FM Sitharaman

11.40 am - Next phase of 'Ease of Doing Business' to be launched. With 1486 union laws repealed, Ease of Doing Business 2.0 will be launched. We will follow the idea of a trust-based government. By the time of India@100, half of our population will be in urban India. We need to nurture megacities to become centres of economic growth and need tier-2 and 3 cities to take the mantle in the future

11.35 am - 60,000 houses will be identified as beneficiaries for PM Awas Yojana in rural and urban areas. In 2022-23, 80 lakh houses will be completed for identified beneficiaries of PM Awas Yojana

11.33 am - Digital banking and fintech development have grown in the country. Government is ensuring that these services reach remote areas in India. Taking this forward, we aim to set up 75 digital banking units in 75 districts of the country by banks

11.31 am - Prime Minister's development initiatives for the North East to be implemented with the help of PM Gati Shakti infrastructure to enable livelihood activities for youth and women. It will not be a substitute for existing schemes - FM

11.29 am - Digital DESH e-portal to be launched. Skilling programs will be reoriented. For skilling, upskilling andreskilling of our youth, Digital DESH e-portal will be launched.'One Class One TV Channel' will be increased from 12 to 200 TV Channels to provide supplementary education in regional languages for classes 1-12: Sitharaman

11.25 am - Recognising the importance of Nari Shakti, during the Amrit Kal, we have revamped the schemes of Women and Child Development Ministry

11.24 am - FM says, "Five river linking projects finalised. The implementation of the Ken-Betwa link worth Rs 44,605 crore will be taken up to provide irrigation of over 9 lakh hectares of the farmers land providing irrigation, farming andlivelihood facilities to farmers andlocal population."

11.21 am - Credit-linked guarantee scheme extended till March 2023. The scopes of portals meant to support MSMEs will be widened, with efforts to further formalise the economy. Emergency credit line gave support to more than 1 lakh MSMEs. The hospitlaity sector firms are yet to regain their pre-pandemic level of business. The ECLGS will be extended till March 2023 and its guarentee cover will be expanded by Rs 50,000 cr to total cover of Rs 5 lakh crore - FM

11.17 am - Railways will develop efficient logistics for small farmers andenterprises. 'One station, one product' to help supply chain of local products - Sitharaman

11.13 am - FM says, "This Budget lays afuturistic for Amrit Kal for women, youth and marginalised communities, big public investment for infrastructure guided by PM Gati Shakti, productivity enhancement, energy transition and climate action and financing of investments. PM Gati Shakti will pull forward the economy and will lead to more jobs andopportunities for the youth. The National Highway network will be expanded by 25,000 kms in 2022-23. PM Gati Shakti masterplan will encompass the sevenengines for economic transformation, seamless multimodal connectivity and logistics efficiency."

11:11 am - Union Budget 2022 will focus on macroeconomic growth, will promote fintech and technology-based development. It is committed to strengthening the abilities of the poor to stand challenges and will lay the foundation for economic growth over the next 25 years: FM Nirmala Sitharaman

11.08 am - The initiatives of the last year's Budget have seen significant progress and financial outlays. Strengthening of the health infrastructure and speedy vaccination program have been enabled by the entire country: Sitharaman

11.06 am - "Since 2014, our government's focus has been on empowerment of citizens. Programs have provided housing, cooking gas and water, ensuring inclusive policies. Our government strives to provide the necessary ecosystem to the middle classes: FM Sitharaman while presenting Union Budget 2022," says FM.

11.04 am - India's growth is pegged at 9.2 per cent, highest amongst all economies. We are in the midst of the third Covid-19 wave, we are in a strong position to withstand challenges: Sitharaman

11:03 am - Union Finance Minister Nirmala Sitharaman has started her Budget speech by remembering all those lives that were lost owing to the Covid-19 pandemic.


Earlier report

Finance minister Nirmala Sitharaman set to present Union Budget 2022

Daijiworld Media Network – New Delhi

New Delhi, Feb 1: Finance minister Nirmala Sitharaman is set to present the Union Budget 2022-23 for the fourth time on Tuesday February 1.

Sitharaman will table the Budget on February 1 at 11 am. This year’s Budget is expected to have plans to boost spending to revive investment and create jobs. This will be the fourth straight time that Sitharaman will present the Union Budget.

She is expected to announce more spending on roads, railways, besides higher subsidies for affordable housing amid growing public criticism over inadequate relief following the economic disruption after the outbreak of pandemic in 2020.

This year, the Budget is going to be paperless for the second time in a row, the finance ministry had earlier notified. The Union Budget 2022 -23 would also be available on the Mobile App after the process of Union Budget presentation has been completed on February 1, 2022 in the Parliament. This will be the tenth budget of the Narendra Modi government.

Live updates shortly.

 

  

Top Stories

Comment on this article

  • Santosh, keraloa

    Wed, Feb 02 2022

    This budget is arranged with an eye to provide more benefits to industrialists and they be multi billionairs. Nirmala is a complete failure and unfit person. She doest not kinow abcd of finance. Poors wil be more poors and midle man will suffer. The time has come to unite and kick out this public virodhi sarkar of looters.

    DisAgree [1] Agree [7] Reply Report Abuse

  • Shami, Tullu Nandu / Bajpe

    Wed, Feb 02 2022

    It is not too late to Anda baktha will realize BJP will carry out all found and for Anda baktha only hole chadiiii

    DisAgree Agree [4] Reply Report Abuse

  • John Tauro, M'lore

    Wed, Feb 02 2022

    People are expecting decrease in prices of petrol, diesel and LPG. No talk on bringing petrol and diesel under GST. A big blow to the common man.

    DisAgree [1] Agree [19] Reply Report Abuse

  • SB, Mlore

    Wed, Feb 02 2022

    When puncturewaalas, Gujriwalas, Petthakalvas, Gaanja Pedlers, Gold inside rectum smuggles preach economics and talk about inflation, then it's sure that "Mera Desh Badal Raha Hai".

    DisAgree [6] Agree [5] Reply Report Abuse

  • Salah, AUH

    Wed, Feb 02 2022

    When followers of 'veer' Savarkar who wrote apology letters to british begging for mercy and spent rest of his life receiving pension from them teach us patriotism, then we definitely know Humara desh Badal raha hain :)

    DisAgree [2] Agree [20] Reply Report Abuse

  • SMJ, Mangalore

    Wed, Feb 02 2022

    In short this budget is not for this generation but for next generation

    DisAgree Agree [11] Reply Report Abuse

  • Chandu, Karla

    Wed, Feb 02 2022

    As usual all golibaje and carrots for andha bhakts.

    DisAgree [1] Agree [12] Reply Report Abuse

  • real kujuma, kodial

    Wed, Feb 02 2022

    a person who does not eat onion...will not know the pain of commoners...better you sell pickle and papad aunty....

    DisAgree [9] Agree [24] Reply Report Abuse

  • Anand Moras, ??

    Wed, Feb 02 2022

    But nothing on agriculture, health and education. Isn't it a disappontment? Inflation will take the salaried class down

    DisAgree [3] Agree [22] Reply Report Abuse

  • Sameer, Riyadh

    Wed, Feb 02 2022

    No changes in Income tax because as it is there is no 'Income' ; 0 ; 0 ; 0 The budget did not even talk about inflation. Full amrut kaal. Aakaal...kasht kaal...

    DisAgree [4] Agree [30] Reply Report Abuse

  • Sameer, Riyadh

    Wed, Feb 02 2022

    After listening to the budget I recall Jhonny lever's dialogue. "Bola tha haathi, nikli cheeti" ; ) ; ) ; 0

    DisAgree [4] Agree [32] Reply Report Abuse

  • Agnes, Mangalore

    Tue, Feb 01 2022

    Why budget is read out in English when Hindi is our national language. Sitamma what happened to your nationalism.

    DisAgree [18] Agree [52] Reply Report Abuse

  • rolf, Dubai

    Wed, Feb 02 2022

    Just to fool unpad Bakth.

    DisAgree [1] Agree [20] Reply Report Abuse

  • Raman, Mangalore

    Tue, Feb 01 2022

    Budgets have lost significance for common man because throughout the year fuel hike . Steel hike .. other shocks and now lockdowns ... However Questions are on status of ... Doubling of farmers income ..Bullet train although big drain .. Corruption.. Cashless society gone up ..more after demobilisation.... 150 families own half India’s wealth &how to reduce inequality.. 500 million poor .. No jobs .. students and job applicants lathi charged .. Smart cities 100 .. status .. China imports gone up despite atmanirbhar.. China has more than 80 billion surplus with India .. despite tensions at border .. National security .. Pollution ... Swach BHARAT a mess . More pollution.. etc .. Looking ahead .. With the USA tightening Fed balance sheets ..interest rates .going up ..expect more drain and crash stock prices ..Fuel prices going up due to uncertainty..world situation...

    DisAgree [7] Agree [51] Reply Report Abuse

  • David Pais, Mangalore

    Tue, Feb 01 2022

    1 of da worst jumla budget. poor & middle class r neglected outrightly.

    DisAgree [7] Agree [66] Reply Report Abuse

  • Manohar, Udupi

    Tue, Feb 01 2022

    ALL fake ..........nothing growing except unemployment, price rise, migration of millionaires and hate.

    DisAgree [6] Agree [72] Reply Report Abuse

  • HENRY MISQUITH, INDIA

    Tue, Feb 01 2022

    Someone should tell Nirmala Seetharaman that last two years we were going thru something called pandemic. Or has she applied the Onion price logic in budget? I dont eat onions. Budget or Parabbu Pajjet!!

    DisAgree [5] Agree [51] Reply Report Abuse

  • HENRY MISQUITH, INDIA

    Tue, Feb 01 2022

    All Nonsense gathered and wrapped in the Red box and presented VIKAS to the people of the country, So countrymen Eat well, Sleep well, Sitama is always with you.

    DisAgree [8] Agree [32] Reply Report Abuse

  • Financial critic, Mangalore

    Tue, Feb 01 2022

    "It is a long-term growth oriented budget which the market has welcomed given no headroom for cautiousness & populist measures. It is expected to support growth in the future; however, it is missing some balancing measures in context of current inflationary & slowing economy. Supportive measures were needed for rural, agriculture, low taxpayers & for sectors impacted by the pandemic. High capex, fiscal deficit & borrowing plans in the background of a high inflation, commodity & oil prices and rising interest rates will be challenges in the short to medium-term. Very very happy to see this budget!

    DisAgree [20] Agree [13] Reply Report Abuse

  • Veer, Nagpur

    Tue, Feb 01 2022

    This india@100 budget is to further grow PM CARES Fund, Ram temple fund, Central Vista, operation Kamala and BJP ministers bank balance and upgrading thier luxurious houses from our tax money.

    DisAgree [8] Agree [58] Reply Report Abuse

  • vishwadeepak, mangalore/dxb

    Tue, Feb 01 2022

    golibajet ..maida..munchi enne anda undu ...ee budget d neerullila ijji...baji chappe! nana rerade boori bokka chatni konayere indu mukul.!!

    DisAgree [5] Agree [40] Reply Report Abuse

  • francis lobo, Mangalore

    Tue, Feb 01 2022

    In 100 years none gave such an amazing, wonderful, expectant, Indian budget!. We wait for what happens in the 125th year!

    DisAgree [3] Agree [17] Reply Report Abuse

  • Jossey Saldanha, Raheja Waterfront

    Tue, Feb 01 2022

    Only Ambani & Adani are growing @ 200% ...

    DisAgree [10] Agree [63] Reply Report Abuse

  • Agnes, Mangalore

    Tue, Feb 01 2022

    Best budget by Pakoda Minister now Pakoda makers will flourish.

    DisAgree [9] Agree [54] Reply Report Abuse

  • Sahil, Mangaluru

    Tue, Feb 01 2022

    Crores crores crores 😊😊😊😊just can't control laughs

    DisAgree [10] Agree [56] Reply Report Abuse

  • Sachidanand Shetty, Mundkur/Dubai

    Tue, Feb 01 2022

    Undu Budget Panda Dadeye? Onji Mooji Kaasla Baiji Enna Ellede ever since I born One famous common man asked this question as under;  Company who produces Liquor is on loss  Govt who collects Tax on Liquor is always under loss  Person who deals with or sell liquor is always incurring loss as per their Income Tax Return  Person who consumes liquor never made any profit in his life  Then where is the money gone???

    DisAgree [3] Agree [44] Reply Report Abuse

  • gm, mlur

    Wed, Feb 02 2022

    Money gone to PM Care .....

    DisAgree [1] Agree [7] Reply Report Abuse

  • HUSAIN, Mangalore

    Tue, Feb 01 2022

    Government should bring transparency in expense report. Common man wants to know, where and how Government spend the money, If they fail to do that, then it is very clear that corruption is the main objective nothing else. I pay lot of tax, not sure where the money is spent.

    DisAgree [7] Agree [60] Reply Report Abuse

  • Patric Fernandes, Kinnigoli

    Tue, Feb 01 2022

    We used to have budgets with tax concessions for Pasta and such Italian ingredients! Look at the dynamic change now!!

    DisAgree [28] Agree [22] Reply Report Abuse

  • Adv. Melvyn D'souza, Mangalore

    Tue, Feb 01 2022

    Our Advocate Economist would not have thought of any of these paradigm changes even in his wildest dreams!

    DisAgree [3] Agree [24] Reply Report Abuse

  • Monty Dotor, Mangalore

    Tue, Feb 01 2022

    Any allocation in the budget for removal of termites -white ants (corruption)...

    DisAgree [3] Agree [45] Reply Report Abuse

  • Arun Kumar Moolya, Udupi

    Tue, Feb 01 2022

    Ho . . ho . . . haaa! Too good, Dotor!!

    DisAgree [3] Agree [11] Reply Report Abuse

  • Jossey Saldanha, Raheja Waterfront

    Tue, Feb 01 2022

    Villages need Electricity, Water & Roads not Fiber Optics ...

    DisAgree [21] Agree [87] Reply Report Abuse

  • Sunil Kumar, Mangalore

    Tue, Feb 01 2022

    Villages like AMETHI

    DisAgree [37] Agree [35] Reply Report Abuse

  • Evans C Sumitra, Udupi/New York, USA.

    Sat, Mar 19 2022

    Jossey Saldanha, Raheja Waterfront, I have no words to express on your comments. There is no doubt about it.

    DisAgree Agree Reply Report Abuse

  • Ramesh, Udupi

    Tue, Feb 01 2022

    Communal hatred is high in this county since BJP came into power. No one will come forward to invest in this current situation. This budget will be good for Adani and Ambani who has India’s 50 percent wealth.

    DisAgree [24] Agree [84] Reply Report Abuse

  • Chaitra Pinto, Shirva - Udupi

    Tue, Feb 01 2022

    Harthal is the only solution!!

    DisAgree [7] Agree [19] Reply Report Abuse

  • Sachidanand Shetty, Mundkur/Dubai

    Tue, Feb 01 2022

    I think you just arrived from peaceful country like Pakistan or Afghanisthan I believe???

    DisAgree [30] Agree [11] Reply Report Abuse

  • Evans Alex, Falnir mangalire

    Tue, Feb 01 2022

    Earlier there were Five year Plans, for better monitoring, follow up, and corrective measure, and more so to to appraise and value the performance if thr govt, that has planned, and the govt. Of the day. Twenty five years plan, without brekup, is like kite flying and building castles in the he air holding the govts that come to power after he present govt. demits officer

    DisAgree [10] Agree [31] Reply Report Abuse

  • k b r, Mangala Uru

    Tue, Feb 01 2022

    "Budget 2022 to lay foundation for economic growth over next 25 years - FM" yes.... true... for adani, Ambani and other business / baniya dynasties...

    DisAgree [13] Agree [52] Reply Report Abuse

  • Amaze, Karkala

    Tue, Feb 01 2022

    We need a FM who eats ONIONS

    DisAgree [19] Agree [83] Reply Report Abuse

  • Syed, Mangalore

    Tue, Feb 01 2022

    First let's concentrate for next one year before dreaming about next 25 years.

    DisAgree [6] Agree [61] Reply Report Abuse

  • Ramesh, Udupi

    Tue, Feb 01 2022

    After every budget andhbhakats are like best budget since the universe was formed. It will make India economic super power. Soon 1 Re will be equivalent to 100 USD. It will create such huge employment opportunities that Americans and Europeans will line up to get work visa.

    DisAgree [10] Agree [67] Reply Report Abuse

  • Ramesh, Udupi

    Tue, Feb 01 2022

    I hope this not another pakoda budget.

    DisAgree [15] Agree [76] Reply Report Abuse

  • Evans C Sumitra, Udupi/New York, USA.

    Sat, Mar 19 2022

    Ramesh, Udupi, You said it right and I have my doubts too.

    DisAgree Agree Reply Report Abuse

  • Ajay Rebello, Kallianpur

    Tue, Feb 01 2022

    Load shedding from 10, seems fitting that there is no power during budget presentation.

    DisAgree [8] Agree [48] Reply Report Abuse

  • John Pinto, Belman

    Tue, Feb 01 2022

    There are many people amongst us who does not know value of onion garlic rice and daal. They keep pressing disagree on your comment. Keep watch on your comment till end of the day.

    DisAgree [11] Agree [39] Reply Report Abuse

  • Ajay Rebello, Kallianpur

    Tue, Feb 01 2022

    The yes commentators are busy trying to earn a living.

    DisAgree [12] Agree [13] Reply Report Abuse

  • Flavian, Mangalore/Kuwait

    Tue, Feb 01 2022

    “Budgeting is not just for people who do not have enough money. It is for everyone who wants to ensure that their money is enough.” Earn, spend and live or leave up to you. Government needs money for developments.

    DisAgree [4] Agree [35] Reply Report Abuse

  • GURKA, Mangaluru

    Tue, Feb 01 2022

    This is very unfortunate !!! who never knows the value of onion and garlic which is considered true Indian spice going for a budget presentation !! wow modiji wow

    DisAgree [12] Agree [76] Reply Report Abuse


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Title: Nirmala Sitharaman chooses growth with a Budget for India@100



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