The new government's maiden budget was a much-anticipated event. India Inc. was hopeful that many of the items on their long-pending wishlists would be addressed. But there were no bold, radical announcements, something that India has come to expect. Having said that, the budget does set the tone for economic growth, better fiscal management and reviving the investment climate. While God and the devil are in the details, some of which are still unclear, it is a decent blueprint for the next phase of India's growth story. Avalon Consulting decodes Budget 2014-15 and shares some insights into what it means for select sectors including infrastructure, automobiles, engineering, pharma, healthcare, agriculture and consumer goods.