The Union Budget was a much awaited event post the demonetization drive, a momentous step by any standard. While many were expecting the budget to provide sops to balance the short term impact of the drive, I think the Government has done well to present a prudent balance sheet that focuses on the long term growth prospects of the nation and gives a boost to those areas that form the backbone of the Indian economy. To my mind, the focus on agriculture growth, digitization, infrastructure development and enabling cashless transactions will give the necessary fillip to India’s long term growth engine.
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ICICI Lombard