The upcoming Budget is likely to boost rural/agri spending by $10 billion, a growth of 15 per cent over FY23, and maintain double-digit 20 per cent growth in public capex over the current fiscal.
As India cements its position as a leader in skills in technology for the world, it will be equally important to perhaps align additional focus on product development and accelerate scientific temper for innovation and creation at (higher) education institutions.
The COVID pandemic saw a renewed focus on the pharmaceutical industry in terms of increased budgetary allocations over the past two years and expectations are accordingly set for the 2023 Budget as well
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