<h1>Union Minister Highlights 35% Rise in Capital Spending in 2022-23 Budget, Predicts Strong Economic Growth and Exports Boost.</h1> The Union Minister highlighted the significant impact of enhanced capital spending in the 2022-23 Budget, predicting a 3-4 times multiplier effect on the economy. The Budget increased capital expenditure by 35% to over Rs. 7.5 lakh crore, with Rs. 1 lakh crore allocated to states as interest-free loans for infrastructure projects. The Minister emphasized the absence of new taxes and conservative revenue forecasts, aiming for sustained economic growth above 8%. He urged the merchandise and service industries to target $1 trillion in exports, noting India's strong recovery in tax collections and industrial output. The PM Gati Shakti National Master Plan was also highlighted for its role in improving infrastructure planning and reducing logistics costs.