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 ...
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