India’s 2009-10 budget received mixed reviews from analysts. Click through below to read a selection of their full reports:

RBC Capital Markets: ‘Without a significant pick up in revenue, which in turn is heavily dependent on the performance of the real economy, and /or cuts in expenditure, politically very difficult in India, the deficit will remain high. Indeed, even in the past when the economy has been growing strongly, successive governments have failed to tackle India’s ballooning deficit – a factor that now puts India’s credit rating in jeopardy.’