Key Points
It highlights the government's thought process and lays out a path for the future 2..
If the same government returns, then it will be difficult for the same set of people to present a different budget and 3. February 2019 (interim budget) vs July'19 (final budget) experience shows that very little was changed between the two budgets...
As against the market expectation of 5.3% of GDP as the fiscal deficit target for FY25, the government presented a fiscally more prudent budget, with a target of 5.1%..
In the February'19 budget, the government had introduced Pradhan Mantri Kisan Samman Nidhi Yojana under which, the government distributed 6,000 to every farmer in 3 equal installments every year...
The railway and the road capex jump is seemingly low at 3% and 2% respectively but the government has kept aside 705bn (US$8.5bn) for some 'new schemes' details of which would be shared probably in the July budget..
