Budget will enhance rural income, revive rural economy: Experts

The Budget 2022 will enhance rural income and revive demand for rural consumption as with an announcement of Rs 2.37 lakh crore towards direct payments for minimum support price (MSP) to wheat and paddy farmers which will be made out in the next fiscal.

“The idea is to enhance rural income and enable rural consumption by putting money directly in the hands of the farmers,” said Rajat Wahi, Partner, Deloitte India.

“The construction of highways will create employment as most of it will happen in small towns and cities. The multi modal logistics parks will enable the movement of farm produce (apart from overall cargo) and ensure less wastage,” he added.


This comes just after the farmers holding agitation demanding guaranteed MSP for farm produce which led to the government recalling three farm reform laws that were brought in 2020.