Union Budget 2019 manages the numbers with a few surprises

The Union Budget for financial year 2019–20 (FY20) has used the revised numbers for FY19 as the benchmark as against the accounts, which showed a smaller size of almost Rs 1.5 trillion to almost retain the budgetary numbers for the coming year with a marginal improvement in the fiscal deficit number to 3.3 per cent.

While the speech has focused on the main thrust areas, benefits have been provided to specific sectors like affordable housing and electric vehicles. It has kept most of the tax structures unchanged. Customs rates have been selectively increased and petrol and diesel are to cost more