More public investment to stimulate demand and create jobs: DEA Secretary

Economic Affairs Secretary Ajay Seth said the budget plans seek to stimulate the economy by increasing public investment

Which will generate demand for industrial inputs such as cement, steel and capital goods and create jobs.

Finance Minister Nirmala Sitharaman in her 2022-23 budget increased public investment by 35.4 per cent to Rs 7.5 lakh crore

Seth noted that direct support measures have only a limited multiplier effect

“When it comes to economic management, it’s not a one – year affair, it’s a short, medium or long term.

In the short term, the essentials have been provided.