A fabulous budget but still not 10 out of 10, says Swaminathan Aiyar. Here's why

Swaminathan Aiyar praises Nirmala Sitharaman's budget for reducing fiscal deficit, increasing capex, cutting long-term capital gains tax, and supporting FDI. Despite benefits to the middle class and political satisfaction, it leaves labor laws and pollution issues unaddressed. Aiyar gives it a 7 out of 10, noting the absence of Manmohan Singh-like policy changes.