Two areas to concentrate on in the upcoming budget are rural India and development of infrastructure.”
The budget is likely to offer incentives to the farm sector and small businesses.”
Small businesses form the core support base of the BJP and they are hurting over the implementation of the GST, with its cumbersome compliance procedures, and the demonetisation policy that sucked cash out of the system.
Jaitley is also expected to stay the course on a massive plan to build highways, modernise the railways and end infrastructure bottlenecks that have long hobbled Asia’s third-largest economy.
Former Reserve Bank of India Governor Raghuram Rajan said that at this stage, India would grow faster if the government were to execute the programmes it has committed itself to, rather than opt for a large dose of fiscal expansion.
