Over the years, as the economy expanded, private enterprise has emerged as a significant entity and, in some instances, such as civil aviation, even displaced government-owned companies as the market leader. Progressively, the budget has also transformed from being a statement of accounts to include seminal policy reforms. In the run up to the budget, Mint organized four events in Bangalore, Kolkata, Mumbai and New Delhi to discuss the relevance of the Union budget in a transformed Indian economy. Most of the experts felt that the budget continued to be relevant, especially this year, given the global economic uncertainty and the political setbacks to the government.
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Graphic by Yogesh Kumar/Mint