New Delhi: Irrespective of the results in assembly elections of five states, the Centre is leaving no stone unturned in bringing the economy back on growth track. On Monday, while addressing the budget session, President Pratibha Devisingh Patil will indicate on government’s plans.

In the changed political scenario after the elections, the President is likely to appeal the Opposition to support the Centre in its efforts on bringing the economy back on track.

In the current FY, government is struggling with fiscal deficit. Fiscal deficit is expected to go higher than the budget estimations. GDP growth rate has failed to achieve 7 percent. State of economy is not leaving government with any other option but to take decisions favouring economic growth.  

It is also believed that the President may appeal for consensus on economic policies of the government. According to sources, the President is also likely to credit the UPA government for registering 9 percent GDP growth rate.

The results in the recent assembly elections have changed the political equations in the country and several important decisions like FDI in multi-brand retail, pension reform, and increasing FDI in the insurance sector needs to be taken. But several protests by state governments have stalled the government from taking any decision.