Prime Minister Narendra Modi faces the first major test of his reform credentials on Thursday, when his fresh-faced government presents its maiden budget amid early doubts about his willingness to make unpopular decisions.
Finance Minister Arun Jaitley's promises of bold budget decisions and broadsides against the "mindless populism" of his left-of-centre predecessors have proved a hit with investors, helping the benchmark BSE stock index to a record high last week.
What are the hits and misses of #Budget2014? What are the experts saying? What is the mood of the common man/woman during the first budget ever with a 5-minute break?
Follow this continuously updated slideshow for the hottest reactions.
Here are some of the reactions to the annual budget 2014-15.