<b>T N Ninan: </b>Bottom-line - Budget provides re-assurance

Arun Jaitley's proposals convey a message of stability and predictability in times of uncertainty

After the disruption caused by demonetisation, what the economy needed most of all from the Budget was an absence of further shocks. This was not a year for ambitious budgeting. This, the finance minister realised, and he has delivered what the situation demanded. The result is the relief rally on the stock market. At a time of uncertainty, domestically as well as internationally, the Budget conveys a message of stability and predictability. For the sixth year in a row, the fiscal deficit is being reduced. To investors and financial players at home and abroad, this will be a strong message