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Trend 9: The Finance Minister’s Gambit: Balancing Fiscal Expansion with Prudence

Investment Outlook – Trend 9, Published Mar 16, 2017

The overall FY18 budget was fairly expansionary with expenditure up 6.6% even on a high revised base in FY17. The expansionary budget notwithstanding, the Finance Minister (F.M.) pegged the fiscal deficit for FY18 at 3.2% of the GDP and remains committed to achieve 3% in FY19. Workman-like Budget Delivery The balanced fiscal prudence should likely…

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