Best of BS Opinion: Defence Budget, employment spending, and more

Why stock markets fell on the Budget and is there reason in reducing spending on creating jobs, explain our Opinion pieces today.

Stock market investors are not impressed by the Union Budget, presented by Finance Minister Nirmala Sitharaman on Saturday. This was reflected in trade on Monday as well. It is being argued that the Budget did not do enough to support economic growth. However, to be fair, the finance minister didn’t have fiscal room to push expenditure in a big way. But there are several other reasons why analysts are not impressed. 
 
For instance, the Budget has once again raised tariffs. In this context, our second editorial notes: The economic history of India till the 1990s reveals the dangers of