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Overall, Budget 2015 is wide in its scope and takes into account the interests of diverse sections of society - middle class, farmers, youth, aged and the disabled. It endorses a vision of India where there is a house for every family with24 hour power, potable water, and all accessible by road, and where at least one member of the family is employed. And all by 2023, when India celebrates its 75th year of Independence.
Circumstances are conducive to comprehensive reforms -global oil prices are at a low, inflation is under control, and albeit minor, India's current account deficit is in a surplus. This is the appropriate backdrop to give the Finance Minister a degree of comfort in pursuing a bold agenda.