Goldman Sachs Santanu Sengupta Previews Indian Budget

The video discusses India's fiscal situation, highlighting strong tax performance and the impact of rising oil prices on fiscal and monetary policies. It covers the Reserve Bank of India's expected monetary policy actions, including repo rate hikes, and examines the implications for the Indian rupee and external balances. The video also addresses economic recovery trends, emphasizing government focus on rural and infrastructure spending.

What percentage of the budget estimate did taxes in India reach in the first eight months of fiscal year 22?

• 60%

• 50%

• 80%

• 70%

What is the expected fiscal deficit as a percentage of GDP for the next year?

• 6.3%

• 6.0%

• 6.8%

• 6.5%

How might the government respond to oil prices reaching $105 a barrel?

• Increase excise duties

• Eliminate excise duties

• Reduce excise duties

• Maintain current excise duties

How many times is the RBI expected to hike the repo rate in the current calendar year?

• Once

• Twice

• Thrice

• Four times

What is the forecast for India's current account deficit as a percentage of GDP?

• 1.5%

• 2.0%

• 2.5%

• 3.0%

What is the expected trend for capital expenditure as a percentage of GDP?

• Below 1%

• Above 3%

• 2% to 2.5%

• 1% to 1.5%

What is the government's focus in the budget concerning spending?

• Rural and infrastructure spending

• Defense spending

• Urban development

• Healthcare spending