The new government got a little over a month to carry out the budget preparation process, which usually takes up to five months in every financial year. Hence, it would not be very reasonable to expect significant changes in this Union Budget for 2014-15 as compared to the interim budget for 2014-15 presented in February this year by the erstwhile UPA - II government. But, more importantly, the erstwhile UPA - II and the present NDA government seem to have the same fundamental views on fiscal policy. As a result, the first budget of the new government offers few changes in terms of policy priorities from the interim budget, but it does reinforce some of the pro-market inclinations that had defined the last three budgets of the UPA - II government.

Budget for 2014-15 - Not much different from the interim budget