The International Monetary Fund (IMF) has said India’s Budget 2012-13 should restrict itself to giving indirect tax set-offs and provide incentives for infrastructure projects rather than adding to the volume of subsidies. The IMF caution is part of the updates on Global Economic Outlook and Financial Stability Report released late on Monday. The report is expected to be factored in by the finance ministry, which has began drafting the annual Economic Survey to be presented just before the Budget is tabled by the finance minister in the Lok Sabha in March.