Handicapped by the chaotic roll out of a goods and service tax (GST) last year and a shock, overnight move to take high value banknotes out of circulation in late 2016, India’s economy is expected to post growth of 6.Below is a list of expectations across markets and corporate sectors.Mumbai: India’s government will unveil its budget for the 2018/19 fiscal year on Thursday, with investors expecting increased investment in key areas such as agriculture, and a slew of incentives for businesses.TaxesReduce corporate tax rate to 25 per cent from 30 per centCut Minimum Alternative Tax to 15 per cent from 18.The government is widely expected to increase spending to ensure growth recaptures momentum, but most investors expect it to be prudent as loosening fiscal deficit targets by too much would likely spark a sell-off in the bond market.5 per centEnhance tax deductions, exemptions for individualsMay tax long-term capital gains in investments.

AgricultureEstablish fund to guarantee credit to encourage investment in agriculture sectorAllocate more funds for crop insurance schemesIncrease spending for dams and canals, micro irrigation systemsProvide subsidies for building cold storage to avoid wastage of perishable cropsReduce fertiliser subsidiesBanksAllow full tax deduction for provisioning of non-performing assets at lendersRaise the threshold for tax deduction on the interest paid on bank deposits from current 10,000 rupeesReduce the tenure of tax-exempted retail term deposits to minimum of 3 years from current 5Allow tax relief for proceedings under insolvency codeInfrastructureIncrease investment by 10-15 per cent in roads from 2017/18 budgetProvide support for key road projects, including Bharatmala project, which will connect western and eastern IndiaIncrease railways investments by 10 per cent from 2017/18 budgetTech/ITProvide greater incentives for digital transactionsSupport digital payments infrastructureRationalise tariff structure, excise duties for mobile phones, tablet computersLower GST rates for telecom services to 12 per cent from 18 per cent.

AutosAnnounce policy on scrapping commercial vehicles that do not comply with emission norms if operational for over 15 yearsLower GST rates on electric vehicles, currently at 12 per centReal estateSet single-window clearance for all real estate projects, especially housing to avoid execution and project delaysGive infrastructure status to real estate to help bring down finance, project غير مجاز مي باشدts, make homes more affordableReduce battery powered electromagnetic flowmeters kf700e GST rate for projects under construction from current 12 per cent Spend more on affordable housingReduce GST rate for home purchases to 12 per cent; stamp duty could also be cutOil and GasReduce “cess” duty to 8-10 per cent from 20 per cent for oil and gas exploration and productionSet more beneficial GST rates for natural gasReduce or exempt city gas distribution companies from excise dutyExempt LNG imports from paying basic customs dutyProvide subsidy aid to downstream companies selling LPG, kerosene below market pricesMetals and MiningDecrease in basic customs duty on coking coal across gradesDecrease in export duty on iron ore above certain grade levelsHike basic customs duty on aluminium scrap to protect domestic industryAccelerate minerals explorationGoldCut import tax on gold to 2-4 per cent from 10 per cent to prevent smuggling.75 per cent in the 2017/18 fiscal year ending in March, which would be the slowest in three years