There are high expectations for a “populist” budget since the recent general election results delivered a slimmer than expected win for Modi.
This report is from this week's CNBC's"Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise.
They suggest that policymakers may be addicted to the growth created from the infrastructure spend seen over the past few years and"may not be willing" to give up on it just yet. The government's job of balancing the books has also been made much easier by the Reserve Bank of India after it effectively wrote aAnalysts on Wall Street are keenly tracking how the political winds are blowing in New Delhi.
"A tactical opportunity in the consumption space could arise if the government announces any consumption stimulus or increases the tax exemption limits, which can trigger consumption demand," said UBS' Kamdar., is one such example that has been touted as a way to trade the Indian budget.
Bank of America's India economist Aastha Gudwani believes the government will further subsidize health care coverage and manufacturing in the country to shore up jobs.
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