Highlights of Indian Union Budget - 2017 can be found at: Budget 2017.
All regional indices Sensex, Nifty primarily are currently trading 2% higher suggesting a huge relief rally. Markets are cheering the stable budget, one single point of thrill being no-impact to Capital Gains component for organisations, both listed and non-listed.
Demonetization impact seen extremely positive. Boost to Housing / Infrastructure sector (impacting multiple sectors there-by). Banking sector specifically doing and expected to do well in 2017. Technology and Pharma to get impacted (debated) due to the political changes happening abroad (the U.S. in specific), reasons beyond the control within, in 2017.
General push towards digitization and move towards paper/e-money instead of cash / physical assets, an e.g. being push towards investments in REIT like government instruments/investments instead of physical property assets. GST implementation, the next important move, to bring more taxes to Centre and States.