Published 1 year ago

India hikes spending, shuns 'outright populism' in last pre-election budget

Summary by Ground News

India's economy is projected to grow 7 percent in the fiscal year ending in March. The government forecasts growth of 6 percent-6.5 percent next year. Despite steady economic growth, the Modi government has struggled to quash unemployment concerns. Prime Minister Narendra Modi praised the budget as laying a strong foundation for a developed India.

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Times of India

Finance Minister Nirmala Sitharaman unveils last full Budget before 2024 general elections

With India pegged as one of the fastest growing major economies in the world, Sitharaman is expected to keep the momentum going, with spending and measures to lower the country's fiscal deficit.

1 year ago·India

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Reuters

India hikes spending, shuns 'outright populism' in last pre-election budget

India announced on Wednesday one of its biggest ever increases in capital spending for the next fiscal year to create jobs but targeted a narrower fiscal deficit in its last full budget ahead of a parliamentary election due in 2024.

1 year ago·United Kingdom

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Associated Press News

India to raise spending on job creation ahead of election

Prime Minister Narendra Modi’s government plans to ramp up capital spending by 33% in a $550 billion annual budget designed to spur economic growth and create jobs ahead of a general election next year. Finance Minister Nirmala Sitharaman said private…

1 year ago·United States

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Channel News Asia

India unveils last full budget before 2024 election, says economy on 'right track'

NEW DELHI: India's finance minister on Wednesday (Feb 1) presented the government's last full budget in parliament before a general election due next year that Prime Minister Narendra Modi

1 year ago·Singapore

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Financial Post

India ramps up spending in last budget ahead of election

NEW DELHI -- India's government on Wednesday unveiled a $550 billion budget for the next fiscal year that starts on April 1, with a plan for record capital spending while reining in the fiscal deficit.

1 year ago·Canada

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MY Northwest

India to raise spending on job creation ahead of election

NEW DELHI (AP) — Prime Minister Narendra Modi’s government presented to Parliament on Wednesday an annual budget of $550 billion that calls for ramping up capital spending by 33% to spur economic growth and create jobs ahead of a general election next year. Finance Minister Nirmala Sitharaman said private investment was rising after the pandemic and the government should focus on driving growth. India’s economy is projected to grow 7% in the f…

1 year ago·Tacoma, United States

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