The government’s priority will be to accelerate growth momentum as well as employment generation this pre-election year, and social sectors are expected to see preferential allocations, says a Deutsche Bank report.
According to the global financial services major, the Narendra Modi government’s priorities are expected to shift from reforms to specified policy initiatives aimed at improving job opportunities and growth numbers. “Following the GST implementation, we expect the Modi administration’s focus to shift from reforms to policy implementation and adherence to specified policy initiatives aimed at employment generation and growth revival as we head into 2019, when the national election is scheduled,” Deutsche Bank said in a research report.
The key focus areas for the government will be growth acceleration, employment
generation and improving agricultural income.
“In addition, policy measures like increased allocation towards NREGA, direct benefit transfers and other moves aimed at improving agricultural productivity are also expected,” it said.
Moreover, the thrust on affordable housing is expected to continue as it has a significant multiplier effect on job creation. “We expect further policy and push for this initiative”, it added. (Courtesy :Agencies )