In the run-up to the Lok Sabha polls, the final budget under Prime Minister Narendra Modi's government aimed to resonate with key voter segments, particularly farmers and the economically disadvantaged, while maintaining fiscal responsibility. Finance Minister Nirmala Sitharaman unveiled measures to stimulate tourism, housing, and the adoption of renewable energy in the interim budget announced on Thursday. However, the allocated funds for infrastructure development, including roads, ports, and airports in the world's fastest-growing major economy, fell short of expectations. Despite a positive response in the bond market due to plans for reduced market borrowings, stock markets experienced a decline.
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