Over the years, budgets of various finance ministers have impacted the lives of people, directly or indirectly. The direct impact was felt through the changes in the prices of items that people consume on a daily basis, or through the launch of several social welfare schemes. Indirectly, though, the impact may be even bigger but it doesn't concern people as much. In fact, terms such as fiscal deficit, plan and non-plan expenditure,
current account deficit, subsidy burden are gobbledygook for a common man.
Business Today pored over the budgets of past 15 years to tell you their
'direct' impact on lives of people.