In unveiling a budget on Saturday that drew uniform cheer, Mr Arun Jaitley, finance minister, rewrote one act of India's premier piece of economic theatre – he largely met expectations.
Bankers cheered the budget's commitment to institution-building and tax reform; business leaders applauded the boost to investment in manufacturing and growth; centre-left interventionists welcomed the strong attention to welfare, from medical cover for the moderately well-off to agricultural support for the majority of Indians in work who earn from the fields.
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