While various people described the government behind India’s annual budget as ‘steady’ and others termed it ‘conservative’, netizens reacted in their own amusing ways with memes and cryptic one-liners.
Finance Minister Nirmala Sitharaman presented her first ‘Bahi Khata’ (ledger) budget in Parliament on Friday. This resulted in an inflow of memes and tweets on social media.
#Budget 2019 and #BudgetForNewIndia were some of the top trends on Twitter after people weren’t reassured by it.
On the lighter side of Budget 2019, millennials shared some hilarious memes on social media.
Finance Minister Nirmala Sitharaman speaking before parliament on 5 July, declared that the government aims to raise the present $2.7 trillion economy to $5 trillion by 2025. The government’s decision to keep income tax brackets unchanged, and to increase petrol prices drew maximum reactions on social media.
Petrol prices were increased by Rs. 2.50 per litre. and diesel was up by around Rs. 2.30 per litre in various cities of India.
The Finance minister also announced an increase in customs duties on gold and precious metals from 10 per cent to 12.5 per cent, which led to disappointment among the middle-income class of India.