ICAI Abu Dhabi Chapter, IBPG analyse India Union Budget 2022

ICAI Abu Dhabi Chapter, IBPG analyse India Union Budget 2022

India has changed its focus from disinvestment to privatisation of non-strategic assets.

Published: Tue 8 Feb 2022, 11:15 PM Last updated: Tue 8 Feb 2022, 11:17 PM

The Institute of Chartered Accountants of India (ICAI, Abu Dhabi Chapter) and the Indian Business and Professional Group (IBPG), organised a webinar entitled “An Exclusive Look At India’s 2022 Budget And Its Journey” which witnessed more than 300 strong audience including business leaders and chartered accountants.

India continues to remain a mixed bag of strength and weakness. The fifth largest economy continues to remain the fastest growing, it has also now been growing at its slowest pace in four years, with government spending on infrastructure and social programmes holding up growth numbers maintaining macroeconomic stability by bringing current account deficit to manageable levels.

The event witnessed a lively and interactive discussion, with the speakers sharing their fair and frank views on the budget and its implications for the future of the Indian economy. The audience, on the other hand, gamely aired their concerns and sought to clarify their doubts about the budget’s stipulations especially on budget proposal on taxing Crypto in India and launch of Central Bank Digital Currency (CBDC).

During the seminar, Neeraj Ritolia, chairman of ICAI