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Budget 2016-17 (“the Budget”) of the BJP led Indian government was being followed closely for several reasons. Some of the reasons were political, while some could have been based on the larger sense of disillusionment with the government on the part of businesses. Hence, there was an expectation that the Budget would contain some cogent proposals, which would give a fillip to the much needed demand cycle gone stagnant. However, with the Economic Survey 2015-16 (“Economic Survey”) clearly making case for the coupling of the Indian economy with the global market, and having outlined a felt need for larger consumption in the rural sector, it was clear that this was going to be a tight rope walk for the FM.