To be adaptive and updated in the financial world, the Finance Forum, Department of Finance, ITM Business School, Kharghar, Navi Mumbai organized a Finance Expert Series 2.0 on the topic “Analysis of Union Budget, 2022” for the PGDM Finance, FinTech, as well as for all the students of ITM Business School, Kharghar on 5th February 2022. It was a very informative and interactive session. The Guest Speaker for the session was Mr. Satyaki Bhattacharya who is alumni of the 2014-2016 Finance Batch and currently working as Senior Associate at PwC
Mr. Bhattacharya is a successful professional in field of corporate finance and valuation. He has attained experience in Tableau Analysis. He was also the member of Finance Forum of batch 2014-2016 of our own ITM college. He is one of the astute alumni of ITM College.
This guest lecture aimed to giving overview and educate students about the Budget analysis and to giving tips on how to analyze the Budget and what are the outcomes from the Budget as comprising to past years Budget this session was very interactive, informative, and insightful for the students.
The session started with the Budget estimation 2022 in which he gave us an overview about Revenue receipts of India, Tax revenue (net to center), non-tax revenues. He also gives us a brief analysis about Revenue expenditure. In this expenditure, the government will spend the money on salaries, pensions, subsidies etc. He also gave us an insight about capital expenditure, on how Capital expenditure will create more jobs or employment opportunities in the country, he told us how the Capital expenditure is a good sign of sustainable development and growth of the country. For example. PM Gati scheme, Bharatmala project these are the projects where the government will spend the money through their Capital expenditure in long term and through this expenditure the employment opportunities will increase.
The Tax revenue are ₹15.5 lacs(crore) this FY year 2021-22 and this gone up this year and this is the positive sign for the government.
Mr. Bhattacharya also talks about what India wants now a days and he gives a brief analysis about India trade scenario by sector wise exports and import and what are the current trade balance of India. Later, he talks about Mutual fund sector contributions in the GDP (11%) in Indian economy and Health care segment in which on 10,000 Population India has only 9 beds in the hospitals.
In the last minute of the session, he gives overview about how Indian service sector Exports were increased by 195 to 208 billion US. Dollar and he also talks about Fiscal policy of India.
It was a great initiative taken by the faculties of the Finance Forum for conducting this wonderful session of knowledge sharing and gaining to students who did not know much about this field and who are thinking of this as a career option.
This wonderful session ended with the guidance of our teachers and our guest.