You are here: Home » Budget » News » Economy
Business Standard

Budget 2018 is highly likely to be populist: Here's why

An aide to PM Modi said every attempt is being made to make it a populist budget

Reuters  |  New Delhi 

The government will likely increase funding for the farm and rural sectors in the budget for the coming financial year, finance ministry officials said, to shore up political support in the countryside ahead of a raft of elections. "The next budget will focus on farmers, rural jobs and infrastructure while making all attempts to follow a fiscal prudence path," a senior finance ministry official told Reuters. Prime Minister Narendra Modi's government won an election in his home state of Gujarat this week, but only just as it faced discontent fuelled by falling farm ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, December 21 2017. 20:13 IST