The Union budget tries to address the intensifying concern of rising income distress of households, but the fiscal math is significantly optimistic on the revenue side and conservative on the spending.
(Photo: Radhakisan Raswe/NDTV Profit)
Overall, the budget is significantly conservative on the spending side while being hugely optimistic on the revenue side, with the fiscal glide path posing a fiscal logjam. Together, the fiscal policy, while addressing consumption side marginally, (0.5% of nominal PFCE) it will continue to be a drag on the overall economic growth.