Strengthening domestic demand will offset weaker export growth
Deficit spike in first half but revenue expected to pick up in second half; no spending cuts envisaged, assure officials
States' share in Union taxes has substantially gone up after implementation of the 14th Finance Commission report
The net borrowings from market in next fiscal would be Rs 4.2 lakh cr, down from Rs 4.4 lakh cr in the current fiscal
Some factors include narrow 'own-source' revenue, mandate to help clear debt of state owned enterprise (SoEs) in power sector and pressure to raise wages