<h1>India's 2022-23 Budget Boosts Capital Expenditure by 35.4%, Aiming for Economic Recovery and Green Initiatives.</h1> The Union Budget for 2022-23 features a significant 35.4% increase in capital expenditure, rising from Rs. 5.54 lakh crore to Rs. 7.50 lakh crore, more than doubling the 2019-20 levels. This expenditure is expected to constitute 2.9% of GDP. The government aims to stimulate private investment by leading with public investment, estimating the effective capital expenditure at Rs. 10.68 lakh crore, or 4.1% of GDP. Additionally, sovereign Green Bonds will be issued to fund green infrastructure projects, contributing to reduced carbon intensity. These investments are intended to drive economic recovery by creating jobs and boosting demand across various sectors.