 "Finance Minister Arun Jaitley. Photo: PTI")
Given the heightened expectations of various market participants, it is a credible achievement by Finance Minister to present a responsible budget. Union Budget 2017 has focused on balancing the need to boost consumption sector (by way of tax cuts to honest tax payer), continue the momentum in infrastructure spending, continued focus on rural areas without pandering to outright populism – all this while maintaining the path of fiscal prudence.
It was heartening to see the continued spending on capital expenditure, especially in sectors like roads, railways, digital infrastructure, which have long-term multiplier benefits. This has been a recurring theme from
