
The minute Budget 2022 was discussed a lot of speculations were going on how, when, and what will be the budget of this year, and after the parliamentary proceedings many businesses tycoon like Kiron Mazumdar Shaw the chairperson of Biocon is emphasizing that pharma needs to invest more in R&D to stand in the global race and compete with the Asian peers -Korea, Taiwan, Singapore. One needs research linked incentives to increase R&D spending from <1% of GDP to at least 1.5% of GDP Metrics -patents.
She is hoping that the booster dose of incentives should overcome the pandemic impact on our economy. We need to spur consumption n to revive travel, tourism, and hospitality. The common man needs more disposable income to combat inflation.
Hope FM gives us a booster dose of incentives to overcome pandemic impact on our economy! We need to spur consumption n revive travel, tourism n hospitality. Common man needs more disposal income to combat inflation.
— Kiran Mazumdar-Shaw (@kiranshaw) January 31, 2022
The chairperson of Mahindra and Mahindra tweeted that developments in 3D printed homes overseas could help in booting up the economy. Critical for India but so delighted home-grown tech from IIT Madras (now one of the world’s leading Tech-Incubators) people has raised some seed funding and some room to join for more.
Been following developments in 3D printed homes overseas. Critical for India so delighted to see home-grown tech from IIT Madras (now one of the world’s leading Tech-Incubators) I know you guys raised some seed funding, but any room for me to join in? pic.twitter.com/LXoZCMAwM8
— anand mahindra (@anandmahindra) January 31, 2022
Innovation is key to non-linear growth. We need self-reliance in the next generation biopharma R&D and local API and KSM capacity to earn global leadership and ensure affordable healthcare for all. Economic survey 2021-22 – India as the Pharmacy of the world-needs to reduce dependence on imports and more on exports with the more multi-channel campaign.
Innovation is key to non-linear growth. We need self-reliance in next gen bio-pharma R&D and local API and KSM capacity to earn global leadership – ensuring affordable healthcare for all.#EconomicSurvey2021-22 – India #pharmacyoftheworld -needs to reduce dependence on imports
— Kiran Mazumdar-Shaw (@kiranshaw) January 31, 2022
The economic survey 2022 projecting 9.2% GDP growth in 2021-22 and 8%-8.5% during 2022-23 underscores the role of path-breaking reforms undertaken by the government to address the challenges of the economy during the pandemic and warrant sustainable growth.
#EconomicSurvey2022 shows number of operationalized airports increased from 62 in 2016 to 130 in 2021 (Post-UDAN) #EconomicSurvey (15/16) @FinMinIndia @PIB_India @nsitharamanoffc pic.twitter.com/w6KkLkjSah
— Sanjeev Sanyal (@sanjeevsanyal) January 31, 2022
As a result of the policy put in place, the economic survey articulates that India is gradually coming out of the 23.9 percent contraction in GDP in the first quarter and is expected to witness a V-shaped recovery.
It talks about the ‘supply’ shock due to the lockdown but says that the measures are undertaken by the government and the Reserve Bank of India (RBI) not only have been adequate but also have prepared the economy to sail through when the pent-up demand returns. Expansion in highways, luminance all around India are part of plans in This Economic survey, and Delhi is now the startup capital.
Bengaluru, popularly known as the Silicon Valley of India, is not the startup capital of the country anymore.
The country's annual #EconomicSurvey 2022 reveals that Delhi, the national capital now adorns this title.#Delhi #startup #EconomicSurvey2022 #BudgetSession2022 pic.twitter.com/76ACicSl0e
— Indian Startup News (@indstartupnews) January 31, 2022
#EconomicSurvey2022 shows expansion of national highways from 71772 km in 2011 to 140152 km in 2021. #EconomicSurvey (14/16)@FinMinIndia @PIB_India @nsitharamanoffc pic.twitter.com/JsUdYrZaKL
— Sanjeev Sanyal (@sanjeevsanyal) January 31, 2022
#EconomicSurvey: Take Home Messages#EconomicSurvey2022 #Budget2022 pic.twitter.com/USuNi8iOPl
— IANS Tweets (@ians_india) January 31, 2022