000			01156nam a22001457a 4500
999			_c520138 _d520138
008			220704b ||||| |||| 00| 0 eng d
100			_aYadav, Sajjan Singh _931823
245			_aHarnessing multiplier effect
260			_aYojana
300			_a66(3), Mar, 2022: p.25-28
520			_aIn the union budget 2022-23, the finance, minister Nirmala Sitharaman unveiled a trans formative approach to invigorate demand and accelerate economic growth. The approach relies on boosting capital expenditure, both by the public and the private sector. Capital expenditure is non-recurring, long-term expenditure on creation and acquisition of capital assets. Why is capital expenditure so critical? Studies say that capital expenditure has a multiplier effect of 2.45 in the short run and 4.8 in he long term. ‘Simply put, this means that Rs. 1 crpre spend on capital is likely to add Rs. 2.45 crore to the gross domestic product (GDP) in the short term. Cumulative impact of this investment on GDP in the long term is likely to be Rs. 4.8 crore. What is behind this multiplier effect. – Reproduced
773			_aYojana
906			_aBUDGET
942			_cAR