Budget expectations and the sectors it will impact at one glance

Barclays 7 July 14

The government is likely to propose a pro-growth budget focused on long-term improvement in fiscal position ( may include measures like reducing subsidies, restructuring welfare programmes, raising divestment target); improving investment climate( liberalization of FDI norms in Defence, E-commerce and Insurance sectors, export incentives, increase in ECB borrowing limit); controlling inflation ( lower purchase of cereals for PDS, reduction in cereal inventory at FCI warehouses); and tax reforms (roadmap for the implementation of the Goods and Services Tax (GST) and abolition of retrospective amendments) Source: Barclays