The reforms suggested by the department for states and UTs are in 12 areas and that include online single window system for approval, maintenance of land records, central inspection framework, tax enablers, labour regulations and obtaining electricity connection.

The interim budget could give some indication of the government's commitment to fiscal consolidation, which is one of the main sensitivities in the sovereign ratings, Fitch said.

The report comes days after US President Donald Trump said he is soon coming out with reforms that will give H-1B visa holders certainty to stay in America and an easy pathway to citizenship.

The trade unions have support of almost all major independent federations of central employees, state employees and the employees of banks, insurance, and telecom.

The H-1B visa, popular among Indian IT companies and professionals, is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise.