Govt to stick to Feb budget targets despite losing majority, shows poll

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Govt to stick to Feb budget targets despite losing majority, shows poll - Business Standard

Quick Summary:

But a lack of follow-through in private expenditure has worsened India's chronic unemployment problem, a key issue contributing to the recent electoral rebuke given to Prime Minister Narendra Modi's government.

Median forecasts in the poll put the fiscal deficit target at 5.10 per cent of gross domestic product (GDP) and gross borrowing at Rs 14.13 trillion ($169.10 billion), exactly the same as the February budget.

Several economists forecast the exact same budget target figures provided by the government prior to the election as well as the previous target for capital expenditure, both in rupees and as a percentage of GDP.