Chennai: A fine economy-political balancing act with emphasis on continued growth and moderate inflation. With no significant direct tax proposals except slab adjustment upward and reductions in indirect taxes, the finance minister is hoping that buoyancy in the economy will help garner the required incremental revenue to meet increased expenditure provisions while containing the deficit percentages, says Ramakrishnan.

Increased provisions for agriculture credit, towards irrigation projects and rural infrastructure development will lead to greater inclusive growth and help restore balance.

Reduction of CENVAT across the board and excise duty for certain flagging sectors and income tax benefits to healthcare will provide positive thrust.