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Short on specifics and long on rhetoric, the interim budget ends up an empty exercise that ignores both imperatives and expectations.
Fiscal discipline holds on paper, but the number is propped up by higher borrowing and revenue sources that are far from stable.
Consumption took centre stage, while some sectors got more attention than others. But Nirmala Sitharaman’s budget failed to enthuse the markets.
A newly announced Rs 10,000 crore fund of funds is aimed at boosting startup growth.