The Union Budget 2018 was a Budget focused on the country’s growth prospectus but, as expected earlier, was stressed on addressing agrarian crisis, including infrastructure development, diversification, and pro-poor measures.   Overall, it is a balanced Budget prepared with a pragmatic approach, keeping in mind the sentiments of the investors, expectations of the taxpayers and to match with the condition of Indian economy.   According to Rakesh Nangia, Managing Partner, Nangia & Co LLP “ The last full Budget before the elections in 2019 has been a fine balancing exercise by the Finance Minister. Negotiating political necessities without affecting the Government’s finances is a tough ask and here, a number of policy announcements and initiates have been made, revenue numbers are sought to be maintained while at the same time, relief measures have been announced”   Please find attached Nangia & Co LLP- INDIA BUDGET STATEMENT 2018 summarizing the key proposals on direct and indirect taxes, along with sector wise impact of the same