6. India's Budget Seeks Fiscal Restraint: 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. Source: CNBC, January 30, 2017 a. If the Indian government reduces its deficit and achieves its target, how will the demand for or supply of loanable funds in India change? b.If the Indian government misses its deficit target, how will the demand for or supply of loanable funds in India change