ISAS Insights

Very few Indian budgets in recent years have been presented in a more favourable backdrop than the budget presented by Finance Minister Arun Jaitley on 28 February 2015. The Economic Survey, presented a day before the budget, portrayed the Indian economy as having hit a ‘sweet spot’ and forecasted an economic growth of more than 8% in the next financial year. It also emphasised that the country was set for ‘big bang’ reforms.