Budget 2020: Has FM Sitharaman done enough to address the slowdown?

It appears to incentivise consumption but also puts hurdles in its path

Union Budget 2020-21 was presented at a time when India is experiencing the worst economic slump in years. The indicators on all fronts — consumption, investments and exports — have been the weakest in a decade. 

At a broad level, the Budget, along with some steps taken earlier, tried to address the issues. The biggest move — income tax cuts — it is hoped would boost consumption, and the corporate tax cuts would address investments. However, there are key limitations to these efforts, which, unless supplemented by other measures, would fail to give intended results. 

Take consumption, which makes for