Government should set its priorities right to focus on key issues

Domestic consumption has got a consistent beating over the past 3-4 quarters. GDP estimates have slipped to 7.1 percent. Industry output experienced a slide downward to a negative growth. Continuous inflationary pressures. Demonetisation impact sucking out liquidity and stalling consumption. Uncertainty over GST roll out. To sum up, the economy is challenged by circumstances to hold its head high. While all efforts are being taken by the government to put long term reforms in place there are immediate short term implications that are affecting economic growth. 

In this backdrop, rather going for an all-populist budget on the wake of ensuing political