What to Expect From India's 2018 Budget

The video discusses the need to balance economic growth with maintaining fiscal credibility. It examines the challenges of meeting a 3.2% budget deficit target while considering growth projections. The speaker highlights the political context, including upcoming elections, and the importance of government communication to the public. The discussion also touches on potential policy changes, such as tax reductions, aimed at increasing disposable income without resorting to excessive populism.

What challenges does the speaker mention regarding the upcoming election and fiscal credibility?

What does the speaker imply about the potential for populism in the upcoming budget?