Finance Minister Arun Jaitley announced an increase of Rs 70,000 crore in the government's spending on infrastructure, but where will all this money go?
While many of the policies proposed could stimulate manufacturing demand in the long term, executives were not too sure about the near term.
First, the budget has further simplified the procedures for Indian corporate to attract foreign investments
FM Arun Jaitley said he was proposing to create a Mudra Bank, with a corpus of Rs 20,000 crore, and credit guarantee corpus of Rs 3,000 crore.
In Budget 2015-16, Finance Minister Arun Jaitley has proposed setting up of an autonomous bank board bureau.
Though the merger of FMC with Sebi was anticipated in the market, it isn't the best of moves for India.
The automobile industry wanted the government to announce a cut in excise duty and offer industry-specific incentives to increase demand.
Finance Minister Arun Jaitley, in his Budget for 2015-16, offered incentives for yoga providers and punished smokers by increasing excise duty on cigarettes.
Visa on arrival facilities for 150 countries may boost tourism but do we have the infrastructure to cope?
Apart from announcing a fund for a jobs scheme and encouraging cashless transactions, the Budget has largely ignored these sectors.