Oxford Economics' Kishore Says India Recovery to Gather Steam in 2018

The video discusses India's fiscal policy, focusing on the balance between fiscal consolidation and populism in a pre-election year. It highlights challenges in the rural economy, the impact of demonetization and GST, and the government's commitment to development. The discussion includes tax revenue projections, budget strategies, and growth forecasts, emphasizing infrastructure spending as a key factor for economic growth.

What is the government's main challenge in the pre-election year budget?

• Improving international trade relations

• Reducing unemployment rates

• Balancing fiscal consolidation with populism

• Increasing foreign investments

How does the government plan to support rural and agricultural sectors?

• Through rural infrastructure and social sector schemes

• By reducing taxes for farmers

• By providing direct cash transfers

• Through increased subsidies on fertilizers

What positive developments are expected to aid fiscal consolidation?

• Lower interest rates

• Reduction in public sector wages

• Higher tax revenue and disinvestment

• Increased foreign aid

What is the government's approach to sustaining economic growth?

• Raising interest rates

• Cutting down on imports

• Increasing infrastructure spending

• Reducing public spending

How does the government plan to finance increased infrastructure spending?

• By cutting down on other expenditures

• Using off-balance sheet financing

• By borrowing from international banks

• Through increased taxation