Budget 2016: Jaitley's growth vs deficit dilemma

India is the world's fastest-growing major economy, yet the government might break its budget deficit targets to stimulate demand, potentially undermining the central bank's fight against inflation.

Finance Minister Arun Jaitley wants to present a credible budget on February 29, people involved in the process say, with realistic targets for tax revenues and asset sales for the fiscal year starting April 1.