The Budget was on expected lines, with an emphasis on agriculture, SMEs and infrastructure. A major announcement of the Budget was on healthcare that will give a firm push to social security.
Broaden the tax base - only 3 per cent of population pay taxes, i.e. 3.5 crore people out of 125 crore. For comparison 45 per cent of US citizens pay taxes.
Budget should also help improve the overall competitiveness and business climate that will attract investments, whether domestic or overseas.
The government has a serious challenge in the Budget as it has to balance the three objectives of maintaining the growth momentum, fiscal discipline and continuing with the inclusive growth strate...
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