Business Standard

Budget 2018 to be presented amid several key challenges: ICICI Securities

Union Budget 2018-19 will be presented on amidst several challenges such as rising crude oil prices, shortfall in revenue collections, upcoming elections and need to revive investments

Budget 2018
Premium

Photo: Shutterstock

BS Web Team New Delhi
Challenges for union budget 2019: Union budget 2019 will be presented on 1 Feb 2018 amidst several challenges such as rising crude oil prices, shortfall in revenue collections, upcoming elections (8 state elections + general elections in early 2019), and requirement for sustained government spending to revive GDP growth.  

Fiscal consolidation to continue although the glide path is likely to be extended: Although India received a rating upgrade from Moody’s, most rating agencies have highlighted the risk of high government debt to GDP at 68% and high combined fiscal deficit (6.5% in FY17) as an impediment for India’s

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 31 2018 | 6:52 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com