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India wants a pro-people budget from Modi
Maharashtra/ Madhya Pradesh/ Kerala, Feb 28 (ANI): Citizens across India hope that Narendra Modi government comes up with a pro-people budget as it prepares to present its first full-fledged annual budget in Parliament for the fiscal year 2015-16. Prime Minister Narendra Modi's target for free-market economics faces a major test on Saturday (February 28), in a budget India's top economic advisor has warned could wreck the leader's promises of "good days"if there's no roadmap to reform. Reaping the benefits of low global prices for oil, India's main import, Modi's government sees itself in a sweet spot with spare cash to modernize ageing roads and railways without busting fiscal deficit and inflation targets. However, analysts warn that Indian stocks are overvalued and that equity markets could see a sell off of 6-8 percent if the pro-growth measures in the budget, to be unveiled by Finance Minister Arun Jaitley at 11.00 a.m. (0530 GMT), fall short of expectations
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