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The Indian government has hiked allocations for major schemes in the Interim Budget announced by Finance Minister Nirmala Sitharaman, some seeing a triple digit annualised hike. This budget is significant as it serves as an economic manifesto for Prime Minister Narendra Modi s Bharatiya Janata Party ahead of the national election. The budget provides insights into the party s strategies for fiscal consolidation, borrowing, and taxation policies, offering valuable clues to the market.

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