Union Finance Minister Arun Jaitley presented Union Budget for the fiscal year 2017-2018 and while the ruling BJP and opposition parties led by Congress praised and criticised the budget according to their political affiliations, lay man wondered about the real rating of the budget.
In the meantime various expert analysis left them even more confused as they used various technical jargons. Only salaried class are happy that tax slab was increased and tax also was slashed by 5%. Others according to their professions rated the budget depending on what they are getting.
But middle class as usual felt that there is nothing much in the budget for all the hype generated post demonetisation and before the budet presentation. Now many are wondering how experts are rating the budget and the criterion they follow while rating it.
Here are the points they look into while rating the budget.
1. Does it incentivise investment, which in a free-fall mode?
2. Does Jaitley’s budget try to reward honest taxpayers?
3. Has the proportion of capital expenditure in the total budgeted expenditure increased?
4. Whether the budget gives a big push to India’s economic growth prospects
5.Will it help in a credit rating upgrade for India?
