Union Budget 2023 Annoucemnt | Tax Payers | Income tax | Wright Insights

India’s budget 2023 is set to be announced on February 1, 2023. The Union Budget of India will be presented by Finance Minister Nirmala Sitharaman and is expected to focus on reviving the economy from its current slowdown. This year's budget comes at a time when India has seen an unprecedented economic crisis due to the COVID-19 pandemic, which has severely impacted all sectors of the Indian economy.

The government is aiming for higher growth in FY2022-2023 compared with FY2020-21 as it hopes that by then most people would have received vaccines and activities across sectors can resume without any major hurdles or restrictions due to virus containment measures like lockdowns etc., In this context, expectations are high from this year's union budget as it could provide much-needed relief for businesses struggling during these tough times while also laying out plans for long term economic revival and development initiatives in key areas such as infrastructure development, agriculture modernization, etc,.

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