Budget 2018: A blast from the past; full focus on a busy election calendar

As expected, the FM Arun Jaitley announced fiscal slippage of 30bps in FY18

Full focus on a busy election calendar

Finance Minister Arun Jaitley has delivered a Budget which whilst being unfriendly to both the equity and debt markets is focused on stimulating GDP growth and — most importantly — focused on delivering relief to India’s beleaguered rural economy. Whilst it is easy for us to say that FM’s focus on delivering big rural stimulus was done with an eye on the ten elections which the NDA will fight over the next 14 months, it is worth keeping in mind that India’s agricultural economy is currently facing unprecedented distress. 

ALSO