2019 Budget Analysis
The Union Budget 2019 clearly focused on the middle class, farmers and small traders. It will be an income boost to the middle class and farmers. For the salaried class, the full rebate for the individuals who have income up to 5 lakhs is a step in the right direction. This will have a positive impact on the economy since lower middle class will have more cash to spend for their consumption. Tax relief for middle class and extra income for farmers is positive for consumption-related business, automobiles, FMCG and Pharma.