If India’s economic growth slows and incomes grow more slowly, and if other things remain the same, how will the demand for or supply of loanable funds in India change?

The government of India set a budget deficit target of 3 percent of GDP for 2017–2018, down from 3.5 percent in 2016–2017. Economists predict the 3 percent target will be missed. India’s public debt is the highest in Asia.