MUMBAI: Ahead of the national elections, the last full budget of the PM Modi government is likely to boost welfare spending with a focus on rural and infra capex, according to a report.
However, it may pencil in for a lower fiscal gap at 5.8 per cent next fiscal, given the likely reduction in subsidies, even though nominal GDP growth is likely to fall by a third to 10.5 per cent, it added.
