I expect Inflation Control: Revamp PDS, address supply side issues, enhanced FDI in retail I believe we need to have a Defined road map for fiscal discipline; Deficit target for FY 2012 should be contained at 4.8%, and Net Govt borrowings should be contained at Rs. 3.5 trn. In my personal view, growth momentum will continue through higher infra spends. As this is the last year of the Plan period (2007-12), to increase spends in physical (roads, ports, power etc), social (health and education sectors) and financial (improved corporate bond market, enhanced FDI in Insurance) infrastructure.
In my opinion, a possible surprise could be a general reduction in tax rates/ increase in standard deduction limits, to buoy demand, and non-Plan could be the divestment target around USD 7-8 bn I believe, intent statement on key reforms like GST, DTC, liberalization in FDI limits etc are likely According to me, hike in excise duty in certain sectors like Auto & FMCG is likely
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