New Delhi, Feb. 1 -- The first full budget of Modi 3.0 government's arrived at a precarious time. India, the world's fastest-growing major economy, is now grappling with a seven-quarter-low GDP growth rate in Q2 FY25.

More concerning is this has been tagged as a "structural slowdown," caused by slowing government capital expenditure, weak manufacturing, sluggish exports, and lacklustre private investment.

Read this | Budget to offer blueprint of reforms under Modi 3.0

Naturally, expectations from the budget were sky-high, and the markets reflected this optimism, with the Nifty 50 breaching 23,600 ahead of the announcement. While the budget delivered on key fronts-tax reliefs to boost consumption and continued focus on rural support and...