A Study of Prospects and Implications of Indian Union Budget 2016

Indian government has proposed to spend Rs.19, 78, 060 crore in the fiscal year 2016–17, which is 10.8% higher than Rs. 17, 65, 436 crore, revised estimates for previous year. This is a responsible “Rural First” budget that attempts to revive demand, while continuing on the path of fiscal consolidation. The paper aims at analyzing the implications of current Union budget 2016. It draws major positives and negatives of this budget. The study is based on secondary data and specially the data available through journals, reports, articles, etc.