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Interim Budget: Prime Minister Narendra Modi will likely use the last budget of the present government before the elections to woo voters with new spending measures, while avoiding a fiscal deficit increase. The economys rapid expansion has led to a tax windfall for the government, helping it meet its goals of curbing the deficit. Finance Minister Nirmala Sitharaman, who will deliver her sixth budget speech on Feb. 1, has scope to keep infrastructure spending going and take targeted steps to support Modis priority sectors for the elections: farmers, women, the poor, and young people. ....
(Bloomberg) Prime Minister Narendra Modi will likely use India’s last budget before the elections to woo voters with new spending measures, while avoiding a fiscal deficit increase. Most Read from BloombergTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetBlackstone Is Building a $25 Billion Empire of Power-Hungry Data CentersTrump Cash Stockpile at Risk From $450 Million Dual VerdictsAmazon Drops iRobot Deal; Roomba Maker Cuts 31% of StaffEvergrande Set for Liquidation as China ....
(Bloomberg) Prime Minister Narendra Modi will likely use India’s last budget before the elections to woo voters with new spending measures, while avoiding a fiscal deficit increase. Most Read from BloombergTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetBlackstone Is Building a $25 Billion Empire of Power-Hungry Data CentersMusk Says First Neuralink Patient Received Implant in BrainTrump Cash Stockpile at Risk From $450 Million Dual VerdictsAmazon Drops iRobot Deal; Roomba Make ....
Ahead of the presentation of the 2024-25 interim Budget, Moneycontrol takes a quick look at the state of the Indian economy. Here, we examine the outlook for consumption and whether rural and urban regions are faring differently. ....