The meeting comes in the backdrop of strong economic recovery post the two COVID waves, and push by the central government to increase capital expenditure.

Economic Survey 2022: It means that it has taken two years to go back to where we were on March 31, 2020. The two years have impoverished people, millions of jobs have been lost, 84 per cent households have suffered loss of income, 4.6 crore have been pushed into poverty, India ranks 104 out of 116 countries in the Global Hunger Index, former Union Finance Minister P Chidambaram said.

In the first phase, an investment of over Rs 10,000 crore is expected, the Uttar Pradesh chief minister said.

All the murmurs the upcoming Union Budget could be used to woo voters in the assembly elections in five states are unwarranted fears. Here are some reasons why we should not read too much into this so-called budget-elections correlation: