The challenge before the Finance Minister is to restore the twin engines of growth consumption and investment. The mid-course correction in corporate tax rates hardly moved the needle while the interest rate cuts by RBI haven't packed much punch. Private consumption growth slowed quite sharply in the first half of the current fiscal, it has led to fewer jobs being created, slower growth in incomes and the lack of easy credit following stress in the non-banking finance sector. As a result, the Indian consumer has pulled back on spending.