<b> T N C Rajagopalan:</b>Budget exercise at this juncture

Export growth has remained positive from September onwards

The Supreme Court and Election Commission have cleared the way for presentation of the Union Budget on the coming Wednesday. The major interest would be how the finance minister copes with the aftermath of demonetisation and paves the way for smooth transition to the Goods and Services Tax (GST) regime. 

The operating results of companies reported till now for the October-December quarter show a clear decline in growth of revenue and profit, across various sectors. Credit growth has slumped significantly. Remonetisation is slowly easing the liquidity crunch but the full impact of demonetisation is not clear. It is difficult to