As the lady rose to present the final Union budget for 2019-20, carrying documents not in a briefcase but in a red cloth with the national emblem and a ribbon, the nation looked forward to growth-enablers to propel the gross domestic product (GDP) to $5 trillion in five years. Well, there were vision and mission statements, and positive intent.
The equity market sulked, in spite of the growth push, what with buyback tax, proposal of minimum public holding of 35% which would impact promoter-dominated companies and higher tax surcharge on the “super-rich".
