This will be one of the more interesting Budgets in living memory. The economy is still reeling from demonetisation. At the same time, the Bharatiya Janata Party (BJP) has moved into the campaign mode and the policy thrust could be oriented to winning over voters. There must be contingency plans for scenarios where the goods and services Tax (GST) goes through and for scenarios where it does not. Above all, the Budget must maintain fiscal discipline.
It could take years to figure out how deep the impact of demonetisation has been. The cash crunch could carry on for months. A
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