5. Budget 2016: Keeping great expectations grounded in reality - While expectations are a-plenty from all sections of the society be it the common man or the industrialist, it is true that the Indian economy is currently in a deflationary phase with earnings stagnating and exports declining. The largest challenge for the government now is to keep the fiscal deficit to 3.9% of the GDP. In the face of such challenges, it wont be surprising if Budget 2016-17, does not turn out to be a populist one. However, overall, the common man expects that he be allowed to live well and provide for his family in the face of rising costs and save for his future.