The proposal to reduce income tax slabs upto INR 15 Lacs of annual income will ensure more money in the hands of the people that is likely to result in higher spending on account of more disposable income. Continuation of housing structure reforms and promotion of affordable housing is a positive step; and so is the decision to bring in a new education policy. Expenditure on infrastructure upgradation received mention, although it would have been nice to see a more specific roadmap.
