Budget 2016-17 is "pragmatic" and "balanced," and its focus on the rural economy and job creation will bring long-term benefits, Reserve Bank of India Deputy Governor S.S. Mundra said.
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The comments come even after Jaitley stuck to a fiscal deficit target of 3.5 per cent of gross domestic product for the 2016/17 year, sparking gains in bond markets.
The Finance Minister Arun Jaitley today widened the duty drawback scheme to extend more support to the export sector.
The BJP president Amit Shah hailed the general budget as "pro-poor" and "pro-farmers," today.
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