Popular cum development budget on the cards: Keeping in mind the Make in India campaign and the loss of jobs in MSME due to cash crunch, we feel the government in its budget would increase spending in the agriculture and rural sector so as to boost revival of the rural economy. The government may also continue its emphasis on Mahatma Gandhi National Rural Employment Guarantee Scheme, which has been a dominant demand driver of goods in the rural areas. The Pradhan Mantri Gram Sadak Yojana, which is the rural road construction scheme and the Pradhan Mantri Awas Yojana (housing scheme), will also be a key focus area in the budget. All in all we believe that this budget will be a popular budget with an investment driven theme to rectify business sentiments and push the Make in India campaign to the next step, by lowering taxes, increasing government budget allocations to rural and agriculture sectors, thus boosting consumption, which will be the main driver of...