If India’s economic growth slows and incomes grow more slowly, and if the government budget deficit increases, what will be the outcome in the loanable funds market?

India’s government budget deficit is 4.6 percent of GDP in 2019–2020. The government projected a deficit of 3.8 percent of GDP in 2020–2021, but experts think 6–7 percent is more likely because of the effects of Covid-19.