Fails to lift flagging spirit: BJP

BJP on Friday questioned the budget’s maths, insisting that the fiscal deficit target of 5.1% of GDP camouflaged the real revenue-expenditure gap and slammed the exercise as inflationary and lacking a big picture.
Former finance minister Yashwant Sinha said the budget merely tinkered with schemes and did not contain any confidence building measures like a minimal dose of reforms to convince investors that India’s growth story was not flagging.“The budget ails to lift the sentiment of the economy," Sinha said.
“Higher taxes and expenditure coupled with inflation and high interest rates will make the Indian economy sluggish and place a burden on the common man,” Sinha said, arguing that the budget exercise was a patchy job.
Budget 2012
Budget News 2012