India's budget comes at a time of slower economic growth
28 February 2013 Last updated at 04:40 GMT
The Indian economy is going through relatively tougher times, with growth at its slowest for a decade.
With the budget about to be announced, business will be looking for measures to boost growth, especially the simplification of regulations and taxes.
The government is also under pressure to cut its fiscal deficit.
But with elections just around the corner, there could be a temptation for the government to announce a populist budget.
Shilpa Kannan reports from Delhi.