The Union Budget for FY 2022-23 this year aims to strengthen the infrastructure with its focus on priorities of:
1. PM GatiShakti
2. Inclusive Development
3. Financing of investments

The correct answer is 1 & 2.

Key Points

• The Union Budget for FY 2022-23 focuses on building robust infrastructure through the PM GatiShakti initiative, which integrates various modes of transportation for seamless connectivity.
• Inclusive Development is a priority in the budget, aimed at ensuring equitable growth across sectors such as agriculture, education, and health.
• The budget emphasizes Financing of Investments to support infrastructure expansion and modernize the economy.
• PM GatiShakti focuses on seven engines: roads, railways, airports, ports, mass transport, waterways, and logistics infrastructure.
• Inclusive development encompasses programs targeting rural and urban areas, especially marginalized communities, ensuring no one is left behind.

Additional Information

• PM GatiShakti National Master Plan:
  • Launched in October 2021 to improve infrastructure efficiency and reduce logistics costs.
  • A digital platform enables coordination among ministries for better infrastructure planning.
• Inclusive Development:
  • Focuses on rural development, women empowerment, and skill enhancement.
  • Includes programs like PM-KISAN, Digital Education initiatives, and health insurance schemes.
• Financing of Investments:
  • Budget proposes increased capital expenditure to ₹7.5 lakh crores for infrastructure projects.
  • Encourages public-private partnerships to attract private investments in large-scale projects.
• Green Infrastructure:
  • The budget aligns with India’s sustainability goals, promoting renewable energy and electric mobility.
  • Initiatives like National Hydrogen Mission and incentives for solar energy expansion are included.