Budget 2016 needs to be looked at as a safe haven for policy makers and an extremely balancing act without touching the fundamentals. Majority of the tax slabs, remained untouched and a natural contribution from Indirect taxes paved way for a revenue gain.
Sustainable tax regime is always in wish list of investors and the finance minister managed to get away without raising the eyebrows of many. Robust budget outlay for social sectors, infrastructure and rural will definitely earn the payback for the economy. There could have been more on the table for foreign direct investors to complement the efforts on Make in India, however sanity through sustainability in the policy could be confidence booster.
