Aarati Krishnan in her Budget analysis argues that the personal income tax relief given in the Budget will have a limited impact on private final consumption but discretionary spending may be boosted by the elite.
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In his dissection of the Budget, TCA Srinivasa Raghavan says though this is the first Budget since 1997 that has the middle class at the centre, the proposals may not go far enough to spur consumption.
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R Gopalan and MC Singh, in their Budget commentary, say that the stand out features are measures on MSMEs, agriculture, ease of business and export promotion.
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