 "Finance Minister Nirmala Sitharaman and MoS Anurag Thakur arrive at Parliament to present the Union Budget 2019-20 | Photo: PTI")
The Budget 2019 makes us look askance at a government which has been voted in for the second time with an even bigger mandate. The presentation, instead, was of a hesitant coalition government. There was no over-arching theme for Modi 2.0 nor was there a delineation of persisting core concerns of the economy. A virtue had been made of modesty. At the least, long-running problems of indifferent growth and fresh job creation ought to have had mention. Perhaps, the government has given up on both.
Consumption is no longer fuelled by the lower income segment which is losing its purchasing power.
