Budget's prime emphasis is on the rural economy / population and also on infrastructure spending. Both of these could go a long way in increasing the GDP of India with total inclusion. Adherence to 3.9 % Fiscal deficit and 3.5 % for next year would bring comfort to FII. The key to the budget is its implementation.
No bad news on the LTGC was good news to the stock markets.
On the negative side, expected reduction in corporate tax rates have not yet materialised.
