Government's focus in terms of ease of doing business has been not just for corporate entities but also for ordinary people
The Union budget is sharply focused on a few key themes, which had already been spelt out by the finance minister earlier. The budget focuses on an efficient and effective government, rationalization of taxation, de-stressing the rural economy with an infusion of funds, soft and hard infrastructure with more than ₹ 2.2 trillion in allocations for railways, roads, airports and waterways. It also focuses on human resource development and de-stressing the financial systems. It will be a welcome step to move from a fixed fiscal deficit target to a range, which will provide necessary fiscal space to the government. Overall, the budget’s emphasis is on building the fundamentals of the economy and economic and financial institutions.
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