Modi's budget 2018 dilemma win rural voters or stick to deficit plan

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Modi's Budget 2018 dilemma: Win rural voters or stick to deficit plan

BUDGET 2018 Indian Prime Minister Narendra Modi has a tough balancing act in this week’s budget: maintaining fiscal prudence or handing out cash to placate rural voters ahead of next year’s election. After scoring a rare sovereign upgrade late last year, Modi wants to keep global investors and credit-rating companies on his side. Key to that will be sticking his goal to narrow one of Asia’s largest budget deficits.


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