How will the outcomes in the loanable funds market differ if India’s government budget deficit is 3.8 percent or 7 percent of GDP?

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.