India's government is increasingly relying on one-time revenue measures to plug its budget gap, raising questions about how it will finance spending pledges further out.
Finance Minister Nirmala Sitharaman is counting on a record $24 billion windfall from the Reserve Bank of India and a budgeted Rs 1.05 trillion ($15 billion) income from asset sales to fund the fiscal deficit of 3.3% of gross domestic product in the year through March 2020.
She'll need more revenue next year to narrow that gap to 3% -- as mandated by law -- without compromising on spending. That may prove difficult since slower economic growth