Latest News - The Indian government is expected to continue with fiscal consolidation and deliver a "popular, but not a populist" budget with a fiscal deficit target of 3 per cent in 2017-18, says a report.
According to Japanese financial services major Nomura, a populist budget is not likely, though there are concerns that the government may be tempted to provide such measures amid derailment of growth momentum post demonetisation.
"While the theme of demonetisation will inevitably be present in the budget, we expect a popular and prudent plan, not a populist one, with the government sticking to its fiscal consolidation targets, aided by higher revenue collections," Nomura said.
It further said the budget is expected to aim at (Read More)
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