First, India’s public debt and fiscal deficit as a proportion of GDP is currently among the highest in the world, but it has been financed almost entirely from domestic savings. There is a commitment to fiscal consolidation in the medium term with the implementation of the Fiscal Responsibility and Budget Management Act, 2003.
Incomes in public companies (even if not financed from the budget) should be urgently placed under direct supervision of the Government/Ministry of Finance with the aim of establishing ex-ante the incomes levels. •  Restructuring:  The restructuring of large public companies should be accelerated, and the payment of subsidies should depend on the outcome of implemented reforms.