Prime Minister Narendra Modi has delivered the election-year budget many expected.With national polls looming next year -- and possibly as early as late 2018 -- Finance Minister Arun Jaitley has rolled out a budget designed to help distressed farmers and rural areas while boosting growth, jobs and private investment.In this budget, India 's farmers and villagers, as well as companies with exposure to agriculture, emerge as the biggest winners. Bond investors might just be the biggest losers.Distressed farmers have been protesting across the country. This budget promises to raise the minimum price offered to farmers for crops, while investing heavily in agricultural markets across India. India missed its fiscal deficit target of 3.2 percent, saying its targeting a 3.5 percent target for fiscal 2019. But there was no indication of a huge boost to defense spending.

Source: Economic Times February 01, 2018 07:30 UTC