Mihir Vora says: "The Budget being an interim budget should not have any major shocks, but it will be interesting to see how they balance the imperative to trim the fiscal deficit to as close to 4.5% which is the glide path that we have to show especially given the fact that this is going to be the year in which Indian bonds get introduced to the global bond indices. So, my guess is about 50 basis points reduction in the fiscal deficit will be shown."
The earned income tax credit provides money to low and moderate income workers. But the support could be expanded, JPMorgan Chase CEO Jamie Dimon says.