There are three things which looks more clearer now post budget

Fiscal deficit:

A balooning fiscal deficit was expected but the magnitude proposed is a bit more then expected. Market and most of the analysts were expecting a deficit of about 6.2%, whereas the acual number is 6.8%.

Interest rates:

I have mentioned this in past that the trend of decreasing interest rates is reversing. Going forward I believe the interest rates may go up from here on sooner then latter. Total expected fiascal deficit of the governemnt in about 6.8% of the GDP and this will definatly put pressure on liquidity.

Inflation

The threat of inflation will also come back to haunt india as all the money distributed by the government will lead to consumption and will fule inflation. Governemt has also increased fule prices, CPI is already high. In my openion we are not too far away before high inflation come back to haunt us.