Building rural infrastructure will be among the government’s top priorities given widespread farm distress and upcoming elections to eight state assemblies. Building rural infrastructure will be among the government’s top priorities given widespread farm distress and upcoming elections to eight state assemblies. India is targeting a fiscal deficit of 3.2% in the current fiscal year and 3% in 2018-19. We believe after a temporary slippage in FY18 fiscal deficit, the government will target a narrower deficit next year but not all the way to 3% as mandated by the fiscal consolidation path,” she said. Given the turnaround in the growth momentum, the FY19 budget may focus on construction, infrastructure, housing and manufacturing, D.K.

Source: Mint January 28, 2018 18:00 UTC