Nirmala Sitharaman, our #Finance Minister, presented the first budget of the third decade of the 21st century. With the aspiration to deliver maximum governance with minimum #government, the budget envisioned digital revolution, structural reforms, and inclusive #growth.
Although the budget had several measures like reducing the personal #tax rate, wide-ranging incentives for the #infrastructure structure to boost the economy, and increasing spending on subsidies, most economists were of the opinion that the measures may provide support over long-term but seem to be insufficient to give an immediate boost to our economy.
With India’s growth at a six-year low, did the budget really fall short of the #markets expectations? Last Saturday, when the budget was announced, FIIs withdrew a total of Rs. 4487 cr in debt and equity instruments, leading to our #indices crashing steeply.
We have an interesting take on the strange state that our economy finds itself in. We would love to hear your opinions!